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Greenhill & Co., Inc. -- Moody's affirms Greenhill's Ba2 ratings; outlook stable

Moody's rating action follows Greenhill's announcement that it will be issuing a $360 million first lien term loan due 2024 in order to refinance its existing $328 million first lien term loan due 2022, and that it intends to use the remaining proceeds to repurchase shares and for general corporate purposes. Moody's has decided to withdraw its outlook on Greenhill's senior secured term loan, revolving credit facility and corporate family rating for its own business reasons.