Moody’s assigns HealthPort loans B2

Moody's Investors Service said it assigned CT Technologies Intermediate Holdings, Inc. (HealthPort), a B2 corporate family rating, a B2-PD probability of default rating and B2 ratings to the proposed first-lien revolving credit facility due 2019 and first-lien term loan due 2021.

The outlook is stable.

On Oct. 17, New Mountain Capital, LLC entered into a definitive agreement to acquire HealthPort. Proceeds from the new term loan, along with sponsor equity, will be used to purchase HealthPort, repay existing debt and pay related fees and expenses. Ratings on existing debt will be withdrawn upon closing of the transaction.

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