Moody's rates Victory loan Ba2

Moody's Investors Service said it assigned a Ba2 senior secured debt rating to Victory Capital Holdings, Inc.’s proposed $505 million seven-year term loan. The agency also affirmed Victory’s Ba2 ratings.

The proceeds of the loan will be used to fund the upfront cash payment for the acquisition of WestEnd Advisors, LLC and associated transaction costs.

The outlook is stable.

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