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20.04.2015 21:58:00
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Acosta, Inc -- Moody's says Acosta's proposed term loan re-pricing is a modest credit positive; no impact on B2 CFR
New York, April 20, 2015 -- Moody's Investor's Service said Acosta Inc.'s ("Acosta") proposed re-pricing of its revolver and term loan B is a modest credit positive. The 75 basis point reduction in interest expense would improve the company's interest coverage metrics, free cash flow generation and liquidity profile, but has no impact on Acosta's ratings or current negative outlook.
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