Moody's rates Authentic Brands loans B1, Caa1

Moody's Investors Service said it assigned a B2 corporate family rating to ABG Intermediate Holdings 2 LLC (Authentic Brands Group LLC), a B1 rating to the company's proposed $365 million first-lien credit facilities and a Caa1 rating to the proposed $130 million second-lien term loan.

Proceeds from the proposed refinancing transaction are expected to be used to refinance the company's existing debt and fund a return of capital to the company's shareholders, in particular its majority owner, Leonard Green & Partners, LP.

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