Moody's rates Snap One, loans B2

Moody's Investors Service said it assigned a B2 corporate family rating and a B2-PD probability of default rating to Snap One Holdings Corp. following the refinancing of credit facilities in December 2021. Moody's also gave a B2 instrument level rating to the company's senior secured first-lien credit facilities, which includes a $100 million revolver due December 2026 and a $465 million term loan due 2028.

“These ratings actions are a result of a change in the borrower of the company's credit facilities from Wirepath LLC to Snap One Holdings Corp. As a result, all ratings for Wirepath LLC will be withdrawn. The Speculative Grade Liquidity rating has been assigned as SGL-2,” Moody’s said in a press release. Moody’s also rated Wirepath B2.

The outlook remains stable.

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