Moody’s rates Aretec notes Caa2

Moody’s Investors Service said it rated Aretec Group, Inc.’s proposed $400 million senior notes Caa2.

Aretec plans to use the proceeds to help fund its acquisition of Voya Financial Advisors.

Moody's said the rating reflects these notes' secondary ranking in Aretec's capital structure, with these proposed notes being structurally subordinated to Aretec's B2-rated first-lien senior secured term loan.

The outlook remains stable.

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