New York, March 10, 2016 -- Moody's Investors Services said that Travel Leaders Group, LLC's ("Travel Leaders") recently-announced plans to launch an add-on to its term loan facility, the proceeds of which will be used to finance acquisitions, is a credit-negative as this elevates risk associated with a more aggressive strategic growth policy. However, this transaction will not result in changes to the company's B2 Corporate Family Rating (CFR), any of the company's debt instrument ratings, or its stable outlook.
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