06.01.2016 22:52:00
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Springs Industries Inc. -- Moody's rates Springs Industries's term loan B2
New York, January 06, 2016 -- Moody's Investors Service assigned a B2 rating to a $90 million senior secured term loan issued by Springs Industries, Inc. ("Springs"). Net proceeds will be used to finance the acquisition of Sunsetter Products Limited Partnership, a manufacturer and distributor of retractable residential outdoor awnings and outdoor solar shades.