Jason Industries Announces Ratings Upgrade
August 23 2018 - 4:30PM
Jason Industries, Inc. (NASDAQ:JASN, JASNW) (the "Company" or
"Jason Industries") today announced that Moody's Investor Service
("Moody's") has upgraded the company's credit ratings, with the
corporate family rating raised to B3 from Caa1, the senior secured
first lien term loan raised to B2 from B3, and the senior secured
second lien term loan raised to Caa2 from Caa3. The Company’s
recently extended senior secured first lien revolving credit
facilities were assigned a rating of B2. Moody’s ratings outlook
remains stable.
Chad Paris, Senior Vice President and Chief Financial Officer,
commented, “We are pleased that Moody’s has recognized the
continued improvements in our operational and financial
performance. Our focus and priorities will remain on reducing
leverage, maintaining our strong liquidity, and improving the
capital structure.”
The full text of Moody's announcement is available on their
website at www.moodys.com.
To learn more about Jason Industries, please visit our website,
investors.jasoninc.com.
About Jason Industries, Inc.
The Company is the parent company to a global family of
manufacturing leaders within the finishing, components, seating and
automotive acoustics markets, including Osborn (Richmond,
Ind. and Burgwald, Germany), Metalex (Libertyville,
Ill.), Milsco (Milwaukee, Wis.), and Janesville Acoustics
(Southfield, Mich.). Headquartered in Milwaukee, Wis., Jason
employs more than 4,300 people in 13 countries. To learn more,
please visit www.jasoninc.com.
Contact Information
Investor RelationsRachel Zabkowiczinvestors@jasoninc.com
414.277.2007
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