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WKN DE: A0MYYM / ISIN: PLINCLT00015
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19.10.2016 16:43:00
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Winnebago Industries, Inc. -- Moody's assigns B1 CFR rating to Winnebago Industries, Inc.
New York, October 19, 2016 -- Moody's Investors Service ("Moody's") assigned a B1 Corporate Family Rating (CFR) and a B1-PD Probability of Default Rating to Winnebago Industries, Inc. ("Winnebago"). Concurrently, Moody's assigned a B2 rating to the company's proposed $300 million senior secured term loan facility due 2023. Proceeds from the new bank credit facility will be used to partially fund Winnebago's acquisition of Grand Design, a manufacturer of towable RVs. The rating outlook is stable.
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