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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