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Moody’s rates All3Media loans B2, Caa2
Moody's Investors Service said it assigned a provisional B3 corporate family rating to DLG Acquisitions Ltd., a company that agreed to acquire All3Media Holdings Ltd.
The transaction is still subject to regulatory approval and is expected to close during the third quarter.
At the same time, the agency assigned a provisional B2 rating to the £290 million first-lien term loan due 2021 and £30 million revolving credit facility due 2020 of All3Media Finance Ltd., an indirect subsidiary of All3Media Holdings.
Finally, Moody's assigned a provisional Caa2 rating to the €100 million (£82 million equivalent) second-lien term loan due 2022 at DLG Acquisitions.
The outlook is stable.
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