Moody’s gives WOM notes B1

Moody’s Investors Service said it gave a B1 rating to up to $450 million of notes that WOM SA unit Kenbourne Invest SA will issue. WOM will guarantee the notes.

Proceeds will be used to acquire spectrum, capital expenditures related to the spectrum acquisition, liability management and other general corporate purposes.

Moody’s also affirmed WOM’s B1 corporate family rating and B1 rating on Kenbourne’s 2024 notes.

The outlook is stable.

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