Moody's assigns B1 to Aggreko loan B1

Moody's Investors Service said it assigned a B1 rating to the planned $440 million equivalent senior incremental secured term loan due August 2026 to be issued by Albion Financing 3 Sarl and Aggreko Holdings Inc., subsidiaries of Albion HoldCo Ltd. (Aggreko).

Aggreko's senior secured debt is rated B1 in line with the corporate family rating, as is the add-on loan. Other ratings of Aggreko and its subsidiaries are not affected, the agency said.

The loan is designated to finance the acquisition of Resolute Industrial.

The outlook is stable.

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