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Prospect News home > News index > List of issuers K > Headlines for KORE Wireless Group, Inc. > News item |
Moody’s says KORE acquisition will hurt leverage
Moody's Investors Service said KORE Wireless Group Inc.’s decision to borrow an added $35 million will add to the company’s leverage and reduce its free cash flow.
KORE will use the money to acquire another telematics services provider.
Moody’s, however, left the company’s ratings unchanged.
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