Moody’s: Aptos ratings unaffected

Moody's Investors Service said Aptos Inc.'s revision to its proposed financing deal, which includes increasing the first-lien term loan by $50 million and reducing the second-lien term loan by the same amount, does not change the company's B3 corporate family rating, B3-PD probability of default rating or the stable outlook.

Additionally, the company's B2 ratings are unchanged for the company's senior secured first-lien credit facilities, including its $30 million senior secured revolving credit facility due 2023 and its $280 million (upsized from $230 million) senior secured first-lien term loan due 2025.

Finally, the company's $50 million (downsized from $100 million) senior secured second-lien term loan due 2026 is also unchanged at Caa2, the agency said.

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