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Reuters: Moody's rates Finlay Fine Jewelry senior notes B1 |
Jewelry in the news: Moody's rates Finlay Fine Jewelry senior notes B1.
Excerpt:
Moody's Investors Service assigned a B1 to Finlay Fine Jewelry Corporation's proposed senior notes. The outlook was changed to stable from positive. The followings rating were assigned: Finlay Fine Jewelry Corporation: Senior implied of B1; $200 million senior unsecured notes of B1; Senior unsecured issuer rating of B1. The following ratings were withdrawn: Finlay Enterprises: Senior implied rating of B1; Senior unsecured issuer rating of B3. On May 7, 2004, Finlay Enterprises and Finlay Fine Jewelry began a cash tender offer and consent solicitation for $75 million senior debentures at Finlay Enterprises (holding company parent of Finlay Fine Jewelry) and $150 million senior notes at Finlay Fine Jewelry (operating company).
Posted by GilbertZ at 12:59 AM
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