23.07.2014 22:10:00
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Harland Clarke Holdings Corp. -- Moody's says Harland Clarke's $200 million debt financed dividend will not change the existing ratings
New York, July 23, 2014 -- Moody's says Harland Clarke Holdings Corp.'s (Harland Clarke) $200 million debt financed dividend will not change the B2 Corporate Family Rating (CFR) or the B1 rating for the term loan tranches B-2, B-3 and B-4 and senior secured notes due in 2018 and 2020. The senior unsecured notes due 2021 that will be upsized from $540 million to $740 million will also remain unchanged at Caa1, but the LGD changes to LGD5 from LGD6. The outlook remains stable.