Moody’s rates Cambrex loan B2

Moody’s Investors Service said it assigned a B2 rating to Cambrex Corp.’s $875 million first-lien secured term loan and $135 million secured revolver and a Caa2 rating to the $250 million second-lien secured term loan.

Moody’s rated the company B3 with a B3-PD probability of default rating.

Cambrex is being acquired in a leveraged buyout.

The outlook is stable.

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