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Moody's rates KNS loans B1
Moody's Investors Service said it assigned a B2 rating to KNS Acquisition Corp.’s (Nutrisystem) corporate family rating, a B2-PD probability of default rating and B1 rating to its proposed $632 million senior secured first-lien credit facilities, including a revolver and term loan.
Moody’s said the rating assignments reflect elevated leverage and small scale with projected revenues of less than $1 billion.
The outlook is stable.
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