Moody’s: Global Healthcare unaffected

Moody's Investors Service said that there is no impact to Global Healthcare Exchange, LLC's B2 corporate family rating, its senior secured credit facilities or the stable outlook following the company's announcement that it is increasing the existing $375 million senior secured term loan B by about $43 million to make an acquisition that will be complementary to its core business profile.

The increase in the term loan B is credit negative because it increases Global Healthcare’s PF LTM March 31, 2016 leverage by about 0.5 times to about 5.9 times (Moody's adjusted), though the acquisition also brings strategic benefits.

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