Moody’s: CentralSquare unchanged by incremental debt

Moody's Investors Service said CentralSquare Technologies, LLC's proposed incremental $60 million first-lien term loan is a negative credit development as the additional debt increases the already very high leverage.

However, since the incremental debt does not materially change the company's financial profile and adds liquidity there is no change to CentralSquare's ratings, including the B3 corporate family rating, B2 senior secured first-lien and Caa2 senior secured second-lien ratings, or to the stable outlook, at this time.

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