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Moody’s rates Guidehouse loan B2
Moody’s Investors Service said it downgraded Guidehouse LLP’s first-lien bank facility rating to B2 from B1 and assigned a B2 rating to its refinanced first-lien term loan for $1.244 billion.
Proceeds will be used to retire the outstanding first-lien loan and repay the Caa1-rated second-lien term loan. Moody’s plans to withdraw the second-lien rating.
Also, the agency affirmed Guidehouse’s B2 corporate family rating. “The first-lien bank facility rating of B2 is on par with the CFR as the facility comprises the bulk of the company’s debt,” Moody’s said in a press release.
The outlook is stable.
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