Moody’s assigns Access CIG loans B1, Caa1

Moody's Investors Service said it assigned Access CIG, LLC, a wholly owned subsidiary of Access Information Holdings, LLC, a B2 corporate family rating, a B2-PD probability of default rating and B1 and Caa1 ratings to the proposed first- and second-lien credit facilities, respectively.

The outlook is stable.

Berkshire Partners plans to use the net proceeds, along with a $284 million equity contribution, to finance its acquisition of Access CIG for $649 million. The company also plans to use a portion of the proceeds from the credit facilities to fund a pending acquisition.

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