Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers A > Headlines for AMN Healthcare, Inc. > News item |
Moody’s assigns Ba2 rating to AMN Healthcare notes
Moody’s Investors Service said it assigned a Ba2 rating to the proposed $300 million in senior unsecured notes due 2027 being offered by AMN Healthcare, Inc.
Proceeds will be used to pay about $196 million outstanding under its revolving credit facility, $100 million partial payment of the senior secured term loan A(unrated) and fund transaction fees and expenses.
There is no change to the company’s other ratings or outlook.
“Moody’s views this transaction as leverage-neutral and slightly credit positive because the issuance of the proposed unsecured notes will replace revolver borrowings with longer-term financing,” the agency said in a news release.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.