(Reuters) - June 8 - Moody's Investors Service assigned a B1
rating to TLC Vision Corporation's $25
million senior secured revolver due 2012 and $85 million senior
secured term loan due 2013. Proceeds from the credit facilities
will be used to support the company's recently announced share
repurchase auction, fund working capital and general corporate
purposes. Concurrently, Moody's assigned a B1 corporate family
rating, B2 probability of default rating, SGL-2 speculative
grade liquidity rating, and a stable ratings outlook.
The B1 Corporate Family Rating considers the highly
leveraged position, modest size and concentration within the
refractive lens market.
Read more at Reuters.com Bonds News
rating to TLC Vision Corporation's $25
million senior secured revolver due 2012 and $85 million senior
secured term loan due 2013. Proceeds from the credit facilities
will be used to support the company's recently announced share
repurchase auction, fund working capital and general corporate
purposes. Concurrently, Moody's assigned a B1 corporate family
rating, B2 probability of default rating, SGL-2 speculative
grade liquidity rating, and a stable ratings outlook.
The B1 Corporate Family Rating considers the highly
leveraged position, modest size and concentration within the
refractive lens market.
Read more at Reuters.com Bonds News
No comments:
Post a Comment