Surgery Center Holdings, Inc. -- Moody's affirms Surgery Center Holdings' B3 CFR following their acquisition financing of Symbion; outlook negative

New York, July 18, 2014 -- Moody's Investors Service affirmed the B3 Corporate Family Rating and B3-PD Probability of Default Rating of Surgery Center Holdings, Inc. ("Surgery Partners"). At the same time, Moody's affirmed the B1 rating on Surgery Partners' proposed $950 million senior secured first lien credit facilities, consisting of an $80 million revolving credit facility expiring in 2019 and an $870 million first lien term loan due 2020. Concurrently, Moody's affirmed the Caa2 rating on Surgery Partners' proposed $490 million second lien term loan due 2021. Moody's will withdraw at close the B3 Corporate Family Rating and B3-PD Probability of Default Rating at SP HoldCo I, Inc. and the previously assigned Caa2 rating on the company's $100 million PIK term loan. The rating outlook is negative.

Vollständigen Artikel bei Moodys lesen