Moody’s rates House of HR notes B2

Moody's Investors Service said it assigned a B2 instrument rating to the €425 million backed senior secured notes issued by Villa Dutch Bidco BV (House of HR).

The rest of the ratings and outlook at Villa Dutch are unchanged.

The backed senior secured notes are part of a refinancing following the acquisition of the company from Bain Capital.

“Today's action is dependent on the successful refinancing of House of HR's capital structure,” the agency said in a news release.

All instrument ratings and the outlook at both House of HR NV and House of Finance NV will be withdrawn following the closing of this transaction.

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