14.11.2013 23:11:00
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Marina District Finance Company, Inc. -- Moody's assigns B2 to Marina District Finance's $380 mil. term loan; B2 CFR affirmed; outlook negative
New York, November 14, 2013 -- Moody's Investors Service today assigned a B2 to Marina District Finance Company, Inc.'s ("MDFC") proposed $380 million term loan due 2018. Proceeds from the new debt offering will be used to redeem MDFC's 9.5% senior secured notes due 2015 of which $358.2 million is outstanding. MDFC's B2 Corporate Family Rating and B2-PD Probability of Default Rating were affirmed. Outlook maintained at negative.