Moody’s assigns MMM loan B1

Moody’s Investors Service said it assigned a B1 to MMM Holdings, LLC’s $20 million incremental term loan, which occurred in March 2020.

The loan contributed to the acquisition of a provider business in Central Florida in June, and the buyout of some minority interests, the agency said.

“This borrowing had a modest impact on MMM’s leverage and financial flexibility. As of March 31, debt-to-capital with Moody’s adjustments increased to 39% from 38% at year-end 2019, which remains solid,” Moody’s said in a press release.

The outlook on MMM and its entities remains stable.

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