Moody’s rates Evergood 4 B2, facilities B1

Moody's Investors Service said it assigned a provisional B2 corporate family rating to Evergood 4 ApS (Nets).

Concurrently, the agency assigned a provisional B1 instrument rating to the €1.86 billion first-lien term loan B1E due 2025, NOK 2.795 billion first-lien term loan B1N due 2025 and €200 million revolving credit facility due 2024.

The outlook is stable.

"Evergood 4 ApS' (P)B2 CFR is weakly positioned within the rating category and mainly reflects the company's very high Moody's adjusted leverage at the closing of the acquisition of the company by Hellman & Friedman,” Sebastien Cieniewski, Moody's lead analyst for Nets, said in a news release.

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