Moody’s assigns Allied Universal notes B3

Moody's Investors Service said it assigned a B3 rating to Allied Universal Holdco LLC's planned $500 million of senior secured notes due 2031.

The rating is in line with those on Allied Universal’s outstanding senior secured notes.

The proceeds will be used to refinance a portion of the company's existing 6 5/8% senior secured notes due July 2026. The transaction will be leverage neutral, the agency said.

The outlook is stable.

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