Moody’s rates Clay HoldCo loans B1, Caa1

Moody's Investors Service said it assigned a B2 corporate family rating and B2-PD probability of default rating to Clay HoldCo BV, a holding company of CRH Europe Distribution.

Moody's also assigned B1 instrument ratings to the proposed €965 million first-lien senior secured term loan B and €180 million first-lien senior secured revolving credit facility.

Additionally, Moody's assigned a Caa1 rating to the proposed €248 million second-lien senior secured term loan, also to be issued by Clay HoldCo.

The outlook is stable.

© 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.