Moody's: Wyle unchanged

Moody's Investors Service said that Wyle Services Corp.'s proposed amendment to its credit agreement, consisting of a $35 million revolving credit facility and $290 million term loan with $283.4 million outstanding, does not affect the company's ratings.

The outlook is positive.

Wyle has a B3 corporate family rating, B1 (LGD2, 24%) $35 million first-lien senior secured revolving credit facility due 2015, B1 (LGD2, 24%) $290 million first-lien term loan due 2016 and Caa2 (LGD5, 88%) $175 million of 10½% subordinated notes due 2018.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.