Moody’s rates Sedgwick loan B2

Moody's Investors Service said it assigned a B2 rating to a $3.5 billion senior secured first-lien term loan due in 2028 being issued by Sedgwick Claims Management Services, Inc.

Sedgwick will use the proceeds to amend and extend its three outstanding senior secured terms loans, also rated B2, into a single loan, the agency said. The three loans total $3.451 billion outstanding and are due in 2025-26.

The outlook for Sedgwick is unchanged at stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.