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05.04.2016 16:27:00
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Sterigenics-Nordion Holdings, LLC -- Moody's rates Sterigenics' new senior secured notes B1
New York, April 05, 2016 -- Moody's Investors Service today assigned a B1 rating to Sterigenics-Nordion Holdings, LLC's (Sterigenics) $120 million senior secured note offering. Proceeds from the first lien notes will be used to help fund the acquisition of Nelson Laboratories, Inc., a provider of microbiology testing services, that closed on April 1, 2016 and general corporate purposes. Pro-forma for the transaction, Moody's estimates adjusted debt to EBITDA was 6.9 times as of December 31, 2015.
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