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Moody’s assigns B2 to OEConnection loan
Moody’s Investors Service said it assigned a B2 rating to OEConnection LLC’s proposed $40 million first- lien senior secured delayed-draw term loan.
Proceeds are expected to be used for M&A or growth investments.
The B2 rating on the first-lien senior secured credit facilities, and the Caa2 on the second-lien senior secured term loan are unaffected, the agency said.
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