Moody’s rates Hemisphere Media loan B2

Moody's Investors Service said it assigned a B2 (LGD4) rating to Hemisphere Media Holdings, LLC’s proposed $225 million senior secured term loan B.

Proceeds will be used to repay an existing term loan.

The agency said it expects the transaction to favorably improve the company's maturity profile by extending the redemption date of the term loan by four years, while reducing the cost of borrowing.

The corporate family rating remains unchanged, and the outlook stable.

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