16.05.2016 19:45:00

U.S. Farathane, LLC -- Moody's says that US Farathane's debt-funded dividend is credit negative although does not impact the ratings

New York, May 16, 2016 -- Moody's Investors Service, ("Moody's") says that US Farathane, LLC's (USF) $80 million add-on to an existing $500 million term loan due in December 23, 2021 is credit negative because it increases debt and leverage. The transaction nevertheless does not impact the company's ratings including its B2 Corporate Family Rating or stable rating outlook because debt-to-EBITDA leverage remains within the range expected for the B2 CFR and free cash flow is good.

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