New York, June 26, 2014 -- Moody's Investors Service downgraded the ratings on CDRH Parent, Inc.'s ("CDRH") -- the indirect parent of Healogics, Inc. ("Healogics") -- exiting first lien senior secured credit facilities to B2 from B1. CDRH is proposing to raise an additional $20 million in incremental first lien term loan now totaling $420 million and reduce its proposed second lien term loan by the corresponding amount to $200 million. Moody's also affirmed CDRH's B3 Corporate Family Rating and B3-PD Probability of Default Rating. Concurrently, the Caa2 rating on the second lien term loan is also affirmed.
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