Moody’s rates OneDigital facilities B3

Moody's Investors Service said it gave a B3 rating to the $1.45 billion of senior secured term loans due in 2027 being repriced by OneDigital Borrower LLC. The total includes a $175 million add-on.

OneDigital’s B3 corporate family rating and B3-PD probability of default rating are unchanged.

The company will use the proceeds from the $175 million incremental borrowing along with a $125 million delayed-draw term loan to fund acquisitions and pay related fees and expenses.

OneDigital is also adding $50 million to its revolving credit facility, rated B3.

The outlook is unchanged at stable.

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