Moody’s assigns Focus loan Ba3

Moody’s Investors Service said it rated Focus Financial Partners LLC’s planned $2 billion in senior secured term loans Ba3.

Concurrently, the agency affirmed its ratings for Focus, including the Ba3 corporate family and senior secured ratings.

The proceeds will be used to repay the $1.598 billion term loan due 2024, repay the balances on the company's revolver, pay transaction fees and related costs and the rest will be used to fund acquisitions or serve as additional cash on the company's balance sheet.

The outlook is stable.

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