New York, September 13, 2016 -- Moody's Investors Service, ("Moody's") confirmed Affinity Gaming Corporation's Corporate Family rating at B1, upgraded the Probability of Default rating to B1-PD and changed the rating outlook to negative. Moody's also confirmed the B1 rating on the company's first lien term loan (including the proposed $35 million add-on) and $75 million revolver, and assigned a B3 rating to the proposed new 8-year second lien term loan. The proceeds of the add-on first lien term loan, the new second lien term loan, cash on hand and sponsor equity will be used to finance the buy-out of the company by affiliates of by Z Capital Partners, LLC. The amendment will be binding and become effective upon completion of the buy-out which is expected to occur in the first quarter of 2017 upon receipt of regulatory approval. This concludes the review of the company's ratings for downgrade that commenced on August 24, 2016.

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