Moody’s gives Cerba add-on B1

Moody’s Investors Service said it gave a B1 rating to Chrome HoldCo's (Cerba) €300 million add-on to the €1.525 billion senior secured term loan B issued by Chrome BidCo.

Concurrently, the agency affirmed the B1 rating on the €1.525 billion senior secured term loan, its B2 ratings on the company and the Caa1 rating on the €325 million of senior unsecured notes.

The company will use the proceeds, along with €500 million of other secured debt and senior unsecured debt, and equity will be used to finance the acquisition of Lifebrain Srl.

The outlook is stable.

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