Moody’s rates AVSC loan B2

Moody’s Investors Service said it assigned a B2 rating to AVSC Holding Corp.’s proposed $430 million first-lien senior secured term loan due 2026 in connection with the company’s pending acquisition of Encore Event Technologies.

Moody’s affirmed AVSC’s first-lien credit facility, consisting of a $1.26 billion senior secured term loan due 2025 and a $100 million senior secured revolver, to be upsized to $135 million due 2023, and the Caa2 rating on the company’s $210 million second-lien senior secured term loan due 2025.

The outlook remains stable.

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