Moody’s assigns CHI Overhead loans B2

Moody’s Investors Service said it assigned a B2 rating to CHI Overhead Doors, LLC’s $40 million revolver and $415.5 million first-lien term loan expiring in 2025.

This $40 million revolver replaces the $40 million revolver expiring in 2022. The $415 million first-lien term loan replaces the company’s $435 million first-lien term loan maturing in 2022. The B2 rating on the revolver and term loan due 2022 will be withdrawn.

CHI’s B2 corporate family rating and B2-PD probability of default rating are unaffected by this transaction.

The outlook is stable.

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