Moody's gives B2 Apleona loan

Moody's Investors Service said it gave a B2 rating to the planned €200 million incremental backed senior secured term loan B maturing in 2028, borrowed by Apleona Holding GmbH and guaranteed by its parent company Apleona Group GmbH.

The rating is the same as the agency’s on Apleona’s outstanding facility.

The proceeds agreement will be used to support the funding of the acquisition of Gegenbauer Group, announced on March 6. The company also intends to repay the unrated €75 million second-lien loan maturing in 2029.

The outlook is stable.

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