Integra Telecom, Inc. -- Moody's affirms Integra's B3 rating

New York, May 08, 2015 -- Moody's Investors Service (Moody's) has affirmed the B3 corporate family rating (CFR) and B3-PD probability of default rating (PDR) of Integra Telecom, Inc. ("Integra" or " the company") following its announcement of a refinancing transaction. Integra plans to borrow an incremental $100 million of new senior secured 1st lien term loan to prepay a portion of the existing senior secured 2nd lien term loan. As part of this rating action, Moody's has changed the LGD assessment on the senior secured 2nd lien term loan at Integra Telecom Holdings, Inc. to Caa2 (LGD6) from Caa2 (LGD5) due to the shift in capital structure. The outlook remains stable.

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