Moody's gives Mister Car Wash loan B2

Moody's Ratings assigned a B2 to the proposed Mister Car Wash Holdings, Inc. amended and extended $300 million backed senior secured first-lien revolving credit facility maturing in April 2029 and the $901 million backed senior secured first-lien term loan due in April 2031.

Proceeds from the term loan will be used to repay the senior secured term loan due 2026. The revolver is expected to be undrawn at closing.

All other ratings remain unchanged including the company's B2 corporate family rating and B2-PD probability of default rating

The stable outlook remains unchanged.

The B2 ratings on the existing senior secured first-lien revolver and existing senior secured term loan are expected to be withdrawn when the transaction closes.

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