Moody’s affirms Internet Brands

Moody's Investors Service said it affirmed Internet Brands, Inc.'s B2 corporate family rating, B2-PD probability of default rating, B1 rating on the first-lien credit facilities and Caa1 rating on the second-lien credit facility.

The outlook is stable.

The actions follow the company's plans to upsize the existing $675 million outstanding first-lien term loan by $175 million primarily to fund a dividend to equity holders and obtain an additional $150 million delayed-draw first-lien term loan, which is intended to finance potential acquisitions over the coming six to 12 months.

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