Moody’s rates MHS revolver B3

Moody’s Investors Service said it assigned B3 ratings to Deliver Buyer, Inc.’s (MHS Holdings Inc.) revolving credit facility. It is extending the facility by one year to 2023. The B3 ratings on the company’s term loan B facility, which is being upsized by $140 million to $898 million, are unchanged.

Term loan proceeds will be used to finance the recently announced acquisition of TGW U.S. Conveyors.

All other ratings, including the B3 corporate family rating and the B3-PD probability of default rating, are unchanged.

The outlook remains stable.

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