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20.08.2015 22:12:00
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Moody's says Anaren's debt-funded acquisition is credit positive
New York, August 20, 2015 -- Moody's Investors Service said Anaren, Inc.'s ("Anaren") ratings -- B3 Corporate Family, B2 1st Lien debt, and Caa2 2nd Lien debt -- are not affected by the increase in the Senior Secured First Lien Term Loan to fund the acquisition of a manufacturer of radio frequency and microwave power transistors and amplifiers, though it is credit positive due to the anticipated deleveraging impact owing to the modest purchase multiple.
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