Moody’s rates Curo Health CFR B3, loans B2

Moody's Investors Service said it assigned a B3 corporate family rating and a B3-PD probability of default rating to Curo Health Services Holdings, Inc.

Concurrently, the agency assigned a B2 rating to the company's proposed first-lien senior secured credit facilities.

The outlook is stable.

The first-lien credit facilities will be comprised of a $45 million revolving credit facility and a $380 million term loan. The company has received commitments for the $120 million of second-lien senior secured notes (unrated) in a private offering.

Proceeds from the debt issuance, along with an equity contribution from equity sponsor Thomas H. Lee LP, will be used to fund the acquisition of the company.

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