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Wilsonart LLC -- Moody's says that Wilsonart's term loan add-on is credit negative since it can lead to future leverage increases

Moody's Investors Service ("Moody's") said that Wilsonart LLC's ("Wilsonart") proposed $100 million term loan add-on to its existing first lien facility is credit negative as it can lead to future leverage increases. The $100 million first lien term loan add-on will have identical terms to the company's existing first lien credit facility, including its maturity in December 2023, and will raise term loan balance to $1,273 million at close.