Moody’s rates Confluent loans B3

Moody's Investors Service said it gave B3 ratings to Confluent Health, LLC’s planned senior secured first-lien credit facilities including a $100 million revolving credit facility, $465 million first-lien term loan, and $100 million delayed-draw first-lien term loan.

Confluent's plans to refinance its capital structure to fund identified tuck-in acquisitions. Additionally, minority investors and roll-over equity will contribute $103 million in equity to the proposed transaction.

Concurrently, Moody’s affirmed Confluent’s B3 corporate family rating and B3-PD probability of default rating.

The outlook remains positive.

© 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.