Moody's: Global Tel*Link unaffected

Moody's Investors Service said the changes to Global Tel*Link Corp.'s proposed dividend recapitalization transaction will not affect the B2 corporate family rating, B1 rating on the proposed $455 million first-lien credit facilities (increased from $435 million) or Caa1 rating on the proposed $105 million second-lien term loan (decreased from $160 million).

The outlook remains negative and continues to reflect reduced flexibility pro forma for the transaction, according to the agency.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.