Moody’s rates TriNet loan B1

Moody's Investors Service said it assigned a B1 rating to TriNet HR Corp.’s proposed incremental $135 million tranche of term loan A, which will be used to refinance the company's outstanding term loan B.

The B1 corporate family rating, B1-PD probability of default rating and B1 existing secured credit facility ratings are unaffected.

The outlook is stable.

The additional term loan A debt will be governed by the same terms as the existing bank debt due in 2019. Upon closing of the refinancing transaction, the ratings on the retired term loan B will be withdrawn.

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