Moody’s rates Mehilainen Yhtiot loan B2

Moody's Ratings said it assigned B2 ratings to Mehilainen Yhtiot Oy’s €1.21 billion senior secured first-lien term loan and the €150 million senior secured revolving credit facility.

The company launched an amend and extend transaction which will result in an extension of the existing senior secured first lien term loan and revolver maturities to August 2028 and February 2028, respectively.

Concurrently, the agency said it affirmed the B2 corporate family rating and B2-PD probability of default rating of Mehilainen Yhtyma Oy. Moody's also affirmed the B2 ratings on Mehilainen Yhtiot’s €1.06 billion senior secured first-lien term loan B2, €150 million senior secured first-lien term loan and €150 million revolver.

The outlook remains stable for both entities.

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