Moody’s rates Kestra loans B2

Moody's Ratings said it assigned B2 ratings to Kestra Advisor Services Holdings A, Inc.'s new $825 million senior secured first-lien term loan due 2031 and $97.5 million senior secured first-lien revolving credit facility due 2029.

The agency said it also affirmed Kestra’s B3 corporate family rating and its B2 backed senior secured bank credit facility ratings.

The company will use the new loans to refinance and replace its $752 million first-lien debt and revolver.

Kestra's outlook remains stable.

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