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14.05.2013 23:44:00
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Aeroflex Incorporated (Veritas Capital) -- Moody's says Aeroflex's B1 CFR not affected by 1.5-year tenor extension, though credit positive
New York, May 14, 2013 -- Moody's Investors Service said that Aeroflex Inc.'s B1 corporate family rating ("CFR") is not affected by the announced amendment to Aeroflex's senior secured credit facilities to extend the tenor by one and a half years to November 2018 and 2019, for the revolver and term loan, respectively; to replace the total leverage covenant with a springing covenant on the revolver; and to reduce pricing.
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