Moody's: Wilton Brands loan B1

Moody's Investors Service said it assigned a B3 corporate family rating and a B3 probability of default rating to Wilton Brands, Inc.

The agency said it also assigned a B1 rating to its proposed new term loan B senior secured term loan facility. The outlook is stable.

The agency said the proposed term loan B is rated two notches above the B3 corporate family rating based on its secured position in the capital structure. The relatively large amount of subordinated debt provides a cushion for senior lenders, combined with modest leverage at the operating company.

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