Moody’s rates Hilton loan extension Ba1

Moody's Investors Service said it assigned a Ba1 rating to Hilton Worldwide Finance, LLC’s proposed $3,225,000,000 amendment and extension of its term loan B.

Hilton's Ba2 corporate family rating, Ba2-PD probability of default rating, Ba1 bank credit facilities rating and Ba3 senior unsecured notes rating are unchanged.

The outlook remains stable.

Moody's said it views the amendment and extension as a credit positive as it will push out the maturity of $3,225,000,000 of the existing term loan by three years to 2023 from 2020. $1 billion of the term loan will remain due at the original maturity date in 2020.

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