Moody's rates Cast & Crew loan B2

Moody's Investors Service said it assigned new ratings to Cast & Crew Payroll, LLC with a corporate family rating of B3 and probability of default rating of B3-PD.

Moody's also said it assigned a B2 (LGD 3) rating to the company's proposed first-lien bank credit facility consisting of a term loan and a revolver.

The action follows the company's announced plans to be acquired by affiliates of EQT from Silver Lake, the agency said.

The outlook is stable.

Upon completion of this leveraged buyout transaction, which is expected to close by early 2019, Moody's said it expects the debt of the issuer's predecessor to be repaid and all ratings on this company to be withdrawn.

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