Moody's could lift OSI, rates loans B1

Moody's Investors Service said it placed OSI Restaurant Partners, LLC's Caa1 corporate family and probability of default ratings on review for upgrade.

Moody's also assigned a B1 rating to the company's proposed $1 billion seven-year senior secured term loan B and $225 million five-year senior secured revolver.

The review for upgrade is in response to OSI's announcement that it plans to refinance all of its $1.55 billion of existing rated debt facilities with proceeds from the company's proposed $1.225 billion bank facilities, the agency said.

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