Moody's rates U.S. Security Associates loan Ba3

Moody's Investors Service said it assigned Ba3 ratings to U.S. Security Associates Holdings, Inc.'s proposed $435 million senior secured credit facilities.

Proceeds from the transaction will help finance the leveraged buyout of U.S. Security by affiliates of Goldman Sachs Capital Partners and refinance existing bank debt, the agency said.

Moody's also noted that it assigned a B1 corporate family rating and B1 probability of default rating to Valour Merger Sub Corp., an acquisition vehicle that will be merged into U.S. Security Associates Holdings, Inc. to complete the acquisition.

The company's existing ratings, including the B1 corporate family rating and the Ba3 ratings on the existing senior secured credit facilities at U.S. Security Holdings, will be withdrawn upon closing of the proposed acquisition, Moody's said. The outlook is stable.

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