17.06.2015 01:54:00
|
CareCentrix, Inc. -- Moody's assigns B2 CFR to CareCentrix. Outlook stable
New York, June 16, 2015 -- Moody's Investors Service today assigned a B2 Corporate Family Rating (CFR) and B3-PD Probability of Default rating to CareCentrix, Inc. ("CareCentrix"). Moody's also assigned Ba3 (LGD 2) ratings to the company's proposed $175 million first lien senior secured term loan and $30 million first lien senior secured revolving credit facility. Proceeds from the credit facilities will refinance CareCentrix's existing term loan and subordinated debt, add $25 million of unrestricted cash, as well as pay transactions fees and expenses. The rating outlook is stable. This is the first time Moody's has assigned ratings to CareCentrix.