AVSC Holding Corp. -- Moody's says AVSC's upsized deal modestly credit negative; no rating impact

New York, May 13, 2015 -- Moody's Investors Service said AVSC Holding Corp.'s plan to increase the amount of its proposed senior secured first lien term loan upsize by $15 million to $180 million from $165 million is modestly credit negative because it further increases leverage, but does not impact the company's B2 Corporate Family Rating or negative rating outlook. Proceeds from the $180 million add-on will be used to fund a dividend prinicipally to the company's private equity shareholders Broad Street Principal Investments and Olympus Partners, and will increase the first lien term loan to $715 million.

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