Moody’s rates OneDigital loan B3

Moody's Investors Service said it gave a B3 rating to OneDigital Borrower LLC’s $325 million incremental senior secured term loan due November 2027. The agency also assigned a B3 rating to its $200 million senior secured revolving credit facility, in which the maturity date will be extended to May 2027.

The agency’s B3 ratings on the company and its outstanding loans are unchanged.

The company plans to use the loan for general corporate purposes including to help fund acquisitions, pay down revolver borrowings and pay fees and expenses.

The outlook for OneDigital is unchanged at stable.

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