Moody's rates MedAssets loans Ba3

Moody's Investors Service said it assigned a Ba3 rating to MedAssets, Inc.'s proposed senior secured credit facilities, including a $150 million senior secured revolving credit facility, $250 million senior secured term loan A and $350 million senior secured term loan B.

At the same time, Moody's affirmed MedAssets' B1 corporate family and probability of default ratings and raised the company's speculative grade liquidity rating to SGL-2 from SGL-3.

The outlook is stable.

The proceeds from the new credit facilities will be used to refinance in full all amounts outstanding under the company's existing credit facility, pay related transaction fees and expenses and for working capital and other general corporate purposes.

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