Moody's rates FoxCo loans B2

Moody's Investors Service said it affirmed the B2, LGD3 -- 49% ratings assigned to each of FoxCo Acquisition Sub, LLC's $20 million first-lien senior secured revolver and first-lien senior secured tem loan that was upsized to $765 million from $715 million.

Moody's also affirmed the B2 corporate family and probability of default ratings.

The outlook remains stable.

Proceeds from the debt facilities will be used to fund a special dividend of approximately $200 million.

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