New York, December 03, 2013 -- Moody's Investors Service today said that Bluestem Brands, Inc.'s ("Bluestem") announcement that it is upsizing its proposed senior unsecured term loan due 2018 from $200 million to $225 million is credit negative but will not have any immediate impact on its B2 Corporate Family Rating or its stable ratings outlook. The increase will also not affect the B2 rating assigned to the proposed term loan. Proceeds from the proposed term loan and balance sheet cash will be used primarily to fund distributions to its shareholders.
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