Foley’s new ratings for TRWH’s debt consists of B1 for probability of default with a stable outlook, Ba2 for the proposed $600 million credit facility which is comprised of a $250 million revolver and $350 million term loan B, and a B3 rating to the company’s proposed $350 million senior unsecured notes.

Shareholders will get $250 million of capital although how they will receive it is yet to be decided.

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