Moody’s rates Inmarsat loans B1

Moody's Investors Service has assigned B1 ratings to Connect Finco Sarl's proposed amended and extended backed first-lien senior secured revolving credit facility and backed first-lien senior secured term loan B, with Connect U.S. Finco LLC as a co-borrower.

Both entities are in the Inmarsat restricted group, with Viasat, Inc. as the parent.

Viasat's B2 corporate family rating, B2-PD probability of default rating and all its other ratings are unchanged.

Also, Connect Finco’s B1 senior secured notes rating is unchanged.

The outlook remains stable for Viasat and Connect Finco.

Moody's said it maintained the B1 rating on Connect Finco’s existing $1.7 billion senior secured term loan B and will withdraw the existing B1 rating on the company's $700 million senior secured revolver when the transaction closes.

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