Moody's: Marlin Financial bond B2

Moody's Investors Service said it assigned a provisional B2 corporate family rating to Marlin Financial Intermediate II Ltd., a company purchasing past-due consumer debt.

Moody's also assigned a provisional B2 rating to the proposed £150 million long-term senior secured bond to be issued by Marlin Intermediate Holdings plc.

The outlook is stable.

These ratings are contingent upon Marlin's successful completion of the proposed £150 million senior secured notes offering and completing the planned recapitalization program, whereby it will use the proceeds from the bond issuance to repay an existing senior facility agreement and will partially repay shareholder loan notes.

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