30.07.2013 22:48:00
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Zest Anchors, Inc. -- Moody's assigns B3 CFR to Zest Anchors: Outlook stable
New York, July 30, 2013 -- Moody's Investors Service assigned a B3 Corporate Family Rating and B3-PD Probability of Default Rating to Zest Anchors Inc. ("Zest Anchors "). At the same time, Moody also assigned a B2 rating to Zest Anchors' proposed $160 million senior secured first lien term loan facility and $20 million revolving credit facility. The proceeds will be used along with an $80 million second lien term loan (not rated) and $103 million of cash to fund the purchase of Zest Anchors by Avista Capital Partners.