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27.07.2016 17:43:00
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Leslie's Poolmart, Inc. -- Moody's affirms Leslie's B2 CFR upon announcement of debt-financed dividend distribution
New York, July 27, 2016 -- Moody's Investors Service ("Moody's") today affirmed Leslie's Poolmart, Inc.'s ("Leslie's") B2 Corporate Family Rating ("CFR") and B2-PD Probability of Default Rating, following the company's announcement that it plans to fund an approximately $225 million dividend distribution to its equity sponsors. Moody's also assigned a B1 rating to the proposed $780 million senior secured term loan due 2023. The rating outlook is stable.
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