Moody’s gives Greenway Health loans B3

Moody's Investors Service said it affirmed Greenway Health, LLC's corporate family rating at B3 and probability of default rating at B3-PD.

At the same time, the agency assigned B3 ratings to the proposed senior secured first-lien revolving credit facility due 2022 and the senior secured first-lien term loan due 2024.

The outlook was revised to stable from negative.

Proceeds from the new term loan will be used to repay the company's existing debt and to pay transaction-related fees and expenses.

The ratings on the senior secured first-lien revolving credit facility due 2018, the senior secured first-lien term loan due 2020 and the senior secured second-lien term loan due 2021 will be withdrawn when they are repaid.

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