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Moody’s rates HelpSystems loans B2, Caa2
Moody's Investors Service said it assigned a B3 corporate family rating and a B3-PD probability of default rating to HS Group Holdings, Inc. (HelpSystems).
Moody's also assigned a B2 rating to co-borrowers Help/Systems Holdings, Inc.'s and Help/Systems, LLC's (subsidiaries of HS Group) first-lien credit facilities and a Caa2 rating to the second-lien term loan.
The outlook is stable.
Proceeds are being used to capitalize the new entity subsequent to H.I.G. Capital's purchase of HelpSystems from Summit Partners.
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