Moody's gives B2 to Kantar add-on loan

Moody's Investors Service said it assigned a B2 rating to the $500 million add-on senior secured term loan due December 2026 being issued by the subsidiaries of Kantar Global Holdings Sarl's Summer (BC) Bidco B LLC and Summer (BC) Holdco B Sarl.

“The rating action follows the company's announcement of funding its recently announced acquisition of Millennium Park Holdco, Inc. (Numerator, Caa1, stable; a Chicago based tech-driven consumer and marketing intelligence company) with $900 million in add-on senior secured debt with the rest a combination of $350 million equity and $150 million cash,” Moody’s said in a press release.

The rating is in line with the B2 rating of the secured bank at bond debt issued by Kantar's subsidiaries, the agency said.

The outlook is negative.

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