Moody’s gives Outfront notes B1

Moody’s Investors Service said it assigned a B1 rating to Outfront Media Inc.’s subsidiary, Outfront Media Capital LLC’s proposed $500 million senior unsecured note due 2030.

The Ba3 corporate family rating of Outfront, the Ba1 senior secured rating and the B1 senior unsecured notes rating sold by its subsidiary remain unchanged.

Proceeds will be used to repay $450 million of senior unsecured notes due 2025 and add cash to the balance sheet.

The outlook remains stable.

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