Moody’s rates USI loan B2

Moody's Investors Service said it assigned a B2 rating to USI, Inc.’s $694 million repriced senior secured term loan due December 2026. As part of this transaction, it will combine two term loan tranches into a single one.

“USI's ratings reflect its favorable market position, good balance of property & casualty and employee benefits business, and healthy pro forma free cash flow,” Moody’s said in a press release.

When the transaction closes, Moody's said it will withdraw the ratings from USI's senior secured term loan tranches maturing in December 2026.

USI’s outlook is unchanged at stable.

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