Moody’s rates SRAM loan B1

Moody's Investors Service said it assigned a B1 rating to a $150 million incremental delayed-draw term loan being issued by SRAM, LLC, a direct operating subsidiary of SRAM Holdings, LLC.

The outlook is stable.

“The transaction will increase debt to EBITDA by one turn to 4.1 times from 3.1 times,” Kevin Cassidy, senior credit officer at Moody's, said in a news release.

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