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Moody's rates Lions Gate facilities Ba2
Moody's Investors Service said it gave a Ba2 rating to Lions Gate Entertainment Corp.'s wholly owned U.S. subsidiary, Lions Gate Capital Holdings LLC's new senior secured bank facilities.
The new facilities consist of a $1.5 billion revolving credit facility due 2026 and a $673 million first-lien term loan A due 2026. The Ba2 rating is the same as that of the existing facility.
“Since the refinancing transaction is leverage-neutral, and similar in size to the existing facility, there is no impact to Lions Gate's B1 CFR, existing security ratings or the SGL-2 speculative grade liquidity rating,” Moody’s said in a press release.
The outlook remains stable.
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