Moody's rates SourceHOV loans B1, Caa1

Moody's Investors Service said it assigned a B2 corporate family rating to SourceHOV LLC, a B1 rating to a proposed first-lien credit facility and a Caa1 rating to a proposed second-lien term loan.

Proceeds from $510 million in term loans, plus equity, will be used to finance the acquisition of SourceHOV by Citi Venture Capital International.

The outlook is stable.

The existing ratings on SourceHOV LLC (old) will be withdrawn upon completion of the acquisition and repayment of outstanding debt.

© 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.