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17.09.2015 19:54:00
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Consolidated Container Company LLC -- Moody's says Consolidated Container Company's revolver maturity extension is credit positive
New York, September 17, 2015 -- Moody's Investors Service says Consolidated Container Company LLC's (B3 negative) announcement that it extended the maturity of its $125 million asset-based revolver (unrated) by two years to 2019 is credit positive as it improves the company's maturity profile and gives it more room to improve operating results and credit metrics before it has to refinance its capital structure. The announcement has no impact on ratings as the company's leverage remains high and free cash flow is negative.
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