Moody’s rates Banijay notes B1

Moody’s Investors Service said it rated Banijay Entertainment SAS’ planned €910 million equivalent backed senior secured notes due 2029 B1. The issuance will be split into two tranches, one denominated in euros and the other denominated in U.S. dollars

All other ratings remain unchanged, including Banijay's B2 long-term corporate family rating, the Caa1 senior unsecured debt instrument rating, Banijay's B1 backed senior secured ratings and the B1 senior secured bank credit facilities issued by Banijay and Banijay Group US Holdings Inc., the agency said.

This transaction is leverage neutral because the proceeds will be used to repay the €575 million backed senior secured notes and the outstanding $348 million backed senior secured notes due March 2025 borrowed by Banijay Entertainment, Moody’s said.

The outlook is stable.

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