Moody’s rates Zacapa loans B2

Moody’s Investors Service said it assigned B2 ratings to Zacapa Sarl’s amended $1.135 billion backed senior secured first-lien term loan B due 2029 and to the amended $175 million backed senior secured first-lien revolving credit facility due 2027.

Concurrently, Moody’s affirmed Zacapa’s B2 corporate family rating and B2-PD probability of default rating.

The proceeds together with equity reinvestment from Cinven and ENEL SpA will be used to fund the recently announced acquisition by Cinven Seventh Fund from ENEL for an enterprise value of $2.8 billion.

The outlook is stable.

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