05.08.2015 21:06:00
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NVA Holdings, Inc. -- Moody's rates NVA Holdings' proposed delayed draw term loan B1; B3 CFR unchanged
New York, August 05, 2015 -- Moody's Investors Service assigned a B1 (LGD 3) rating to NVA Holdings, Inc.'s ("NVA") proposed $25 million senior secured delayed draw first lien term loan. NVA's B3 Corporate Family Rating, B3-PD Probability of Default Rating, and B1 rating for the company's existing senior secured first lien credit facilities, including a $70 million revolver and first lien term loan (being upsized by $50 million), remain unchanged. Also unchanged is the Caa2 rating for NVA's $160 million senior secured second lien term loan. The rating outlook is stable.