Alliance received a Moody's upgrade to B1 from B2 and will see a 25 basis-point reduction in term loan borrowing costs.
Key Highlights:
- Moody's raised Alliance's corporate family rating to B1 from B2, signaling improved credit profile.
- Moody's also upgraded the senior secured first lien revolving credit facility and term loan to B1 from B2.
- The upgrade, citing deleveraging, steady organic growth and strong cash flow, reflects operational and financial discipline.
- As a result, borrowing costs on the term loan will decrease by 25 basis points, enhancing financial flexibility.
Original SEC Filing:
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