18.06.2014 13:44:00

Advantage Sales & Marketing Inc. -- Moody's says Advantage Sales and Marketing's sale of majority stake is potentially credit negative

New York, June 18, 2014 -- Moody's Investors Service said that Advantage Sales and Marketing Inc.'s ("ASM") ratings, including its B2 Corporate Family Rating, are not immediately impacted by the company's announcement that funds advised by Apax Partners have agreed to sell their majority ownership stake in the company. However, if the transaction were funded primarily with debt, it would be credit negative for ASM.

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