Moody’s rates Ahead DB loan B2

Moody’s Investors Service said it assigned a B2 rating to Ahead DB Borrower, LLC’s proposed $65 million first-lien senior secured revolver and $440 million first-lien senior secured term loan.

Proceeds from the loans will be used to fund a $74 million distribution, refinance $355 million of existing debt and pay related expenses.

Court Square Capital Partners owns Ahead LLC and Data Blue LLC and is combining them into Ahead Data Blue.

The agency also assigned a B2 corporate family rating and a B2-PD probability of default rating to the company.

The outlook is stable.

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