01.12.2015 23:10:00
|
Edelman Financial Center, LLC (The) -- Moody's assigns first time rating of B1 to The Edelman Financial Center, LLC
New York, December 01, 2015 -- Moody's Investors Service, ("Moody's") has assigned a B1 corporate family rating to The Edelman Financial Center, LLC (OpCo, "Edelman") following the announcement of the leveraged buyout of Edelman Financial, L.P. (HoldCo, "EFS") by private equity firm Hellman & Friedman. Moody's has also assigned B1 ratings to a $30 million revolving credit facility and a $230 million senior secured term loan, the proceeds of which will be used to fund the transaction. The buyout of Edelman Financial, L.P. will also be funded with equity supplied by Hellman & Friedman, Lee Equity Partners and EFS senior management, including founder and CEO Ric Edelman. The outlook on the aforementioned ratings is stable.