Announcement: Moody's says Avison Young's incremental term loan has no impact on ratingsGlobal Credit Research - 19 Aug 2022New York, August 19, 2022 -- Moody's Investors Service ("Moody's") says Avison Young (Canada) Inc.'s new incremental first lien term loan issuance will not impact the B2 corporate family rating, B2 senior secured bank credit facility rating or stable outlook at this time.Avison Young announced on August 18, 2022 an issuance of a new US$75 million incremental first lien term loan due 2026. Proceeds from the transaction will be used to fund upfront cash for identified acquisitions and future M&A. Avison Young's pro-forma leverage, reflecting full acquisition EBITDA, is expected below 6.5x on a debt to EBITDA basis (incorporating Moody's standard adjustments).