Moody’s: Mediaocean unchanged

Moody’s Investors Service said Mediaocean LLC’s news that it intends to upsize its senior secured first-lien term loan by $11 million and drawdown $6 million on its revolving credit facility will not impact the company’s B3 corporate family rating or B3-PD probability of default rating.

The upsizing also does not affect the B2 (LGD 3) ratings on the company’s senior secured first-lien credit facility or the Caa2 (LGD 5) ratings on its senior secured second-lien term loan.

The outlook is stable.

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