Moody's upgrades Alliance Laundry to B1 from B2; term loan cost cut 25 bps

Alliance Laundry Holdings Inc.

Moody's raised corporate family rating to B1 from B2; senior secured first lien facilities also upgraded to B1 from B2.
Borrowing costs on term loan decrease 25 basis points due to upgrade, following prior S&P upgrade.
Upgrade reflects consistent deleveraging, organic growth, and strong free cash flow, per CFO Dean Nolden.

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