Moody's gives WhiteWater loan Ba2

Moody's Investors Service said it assigned a Ba2 rating to WhiteWater Whistler Holdings, LLC's new $500 million senior secured term loan B1 due 2030.

WhiteWater Whistler’s Ba2 corporate family rating and stable outlook are unchanged, the agency said.

“The secured term loan is rated Ba2, same as the Ba2 CFR, reflecting a single class of debt with no other priority-claim debt present ahead of the term loan in WhiteWater Whistler's capital structure,” Moody’s said in a press release.

“WhiteWater Whistler's proposed transaction will result in modestly lower interest costs. Moody's expects to withdraw ratings on WhiteWater Whistler's existing term loan B following its extinguishment,” the agency said.

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