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Moody’s rates AssuredPartners loan B1
Moody's Investors Service said it gave a B1 rating to AssuredPartners, Inc.'s $447 million, including $150 million increase, repriced senior secured term loan due in February 2027.
The agency upgraded the company’s senior secured rating to B1 from B2 on Dec. 3. When the transaction closes, Moody's will withdraw the rating on the $297 million senior secured term loan due 2027, which will be terminated.
The company will use the incremental borrowing to fund acquisitions and pay related fees and expenses.
The outlook is unchanged at stable.
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