Moody's rates Vitera loans B1, Caa2

Moody's Investors Service said it assigned a B3 corporate family rating and B3-PD probability of default rating to Vitera Healthcare Solutions, LLC.

Vitera's proposed senior secured revolving credit facility and senior secured first-lien term loan were rated B1 and the senior secured second-lien term loan was rated Caa2.

The outlook is stable.

The proceeds of the new term loans will be used along with new equity invested by affiliates of Vista Equity Partners and balance sheet cash by Vitera to purchase Greenway Medical Technologies, Inc., repay existing debt and pay associated fees and expenses. The combined business will use the Greenway brand.

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