NEW YORK — Moody's Investor Service here said Monday it has assigned a first-time corporate family rating of B2 to 99 Cents Only Stores, with a stable outlook. It also assigned a B2 rating to the company's proposed $525 million senior secured term loan and Caa1 rating to its proposed $250 million senior unsecured notes. Proceeds from both issues are slated to be used to finance the $1.6 billion acquisition of the company by affiliates of Area Management, Los Angeles, a ...

REGISTER TO VIEW THIS ARTICLE - Register for a Free Account

Why Register for FREE?

Registering for content on Supermarket News will give you INSTANT access to invaluable articles and media content that industry professionals rely on. You will have access to our special reports, feature articles, and industry analysis. It’s FREE, easy and quick.  What are you waiting for! In addition you will also receive a complimentary copy of SN's salary survey sent to you by email.
 

Click here to read the FAQ page if you have any questions (opens in a new window)
 

Attention Paid Print Subscribers:  While you have already been granted free access to SN we ask that you register now. We promise it will only take a few minutes! Or visit your profile and add your print magazine account number and zip code.

Already registered? here.