Moody’s rates WH loan B2

Moody’s Investors Service said it assigned a B2 rating to WH Borrower, LLC’s planned $150 million incremental senior secured first-lien term loan.

Concurrently, the agency affirmed its B2 ratings for the issuer’s parent, WH Intermediate LLC, and the B2 ratings on WH Borrower’s outstanding loans.

WH Intermediate will use the proceeds, revolver borrowings and cash on hand to fund a $235 million investment in an intellectual property joint venture with Express Inc. and a $25 million private investment in public equity.

The outlook remains stable.

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