Moody’s: WME IMG unaffected by loan add-on

Moody's Investors Service said WME IMG, LLC's B2 corporate family rating is unchanged following the proposed $100 million add on term loan.

Both the B1 rating on the first-lien credit facility and Caa1 rating on the second-lien term loan are also unchanged.

The outlook remains stable.

The add-on term loan is expected to be fungible with the existing first-lien term loan, with the proceeds used to fund acquisitions in addition to general corporate purposes.

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