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Prospect News home > News index > List of issuers J > Headlines for Jones DesLauriers Insurance Management Inc. > News item
Published on 7/24/2023 in the Prospect News Bank Loan Daily, Prospect News Canadian Bonds Daily, Prospect News Distressed Debt Daily and Prospect News High Yield Daily.

Moody’s rates Jones DesLauriers loan B2

Moody’s Investors Service said it assigned a B2 rating to a $350 million seven-year senior secured first-lien term loan being issued by Jones DesLauriers Insurance Management Inc. Moody's also assigned a B2 rating to Jones DesLauriers' outstanding C$125 million five-year senior secured first-lien revolving credit facility. The issuer is a wholly owned subsidiary of Navacord Corp.

The proceeds will be used to refinance the company's term loan and help fund acquisitions.

The outlook for Jones DesLauriers is unchanged at stable.


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