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Moody’s: Internet Brands unaffected by add-on
Moody’s Investors Service said MH Sub I, LLC's (Internet Brands) B3 corporate family rating and B3-PD probability of default rating and existing debt instrument ratings at Micro Holding Corp. are not immediately impacted by the announcement that it plans to raise a $305 million add-on to its existing $2.237 billion outstanding first-lien term loan.
Micro Holdings’ instrument ratings include the B2 first-lien term loan rating, B2 first-lien revolver rating and Caa2 second-lien term loan rating.
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