Moody’s gives Hestia B2,

Moody's Investors Service said it assigned a B2 corporate family rating and B2-PD probability of default rating to Hestia Holding.

Moody's also assigned B1 ratings to a €725 million senior secured first-lien term loan B due in 2027 being issued by Financiere Holding CEP and a €50 million backed senior secured first-lien revolving credit facility due in 2026 being issued by Hestia Holding, as well as a Caa1 rating to a €125 million backed senior secured second-lien term loan maturing in 2028 being issued by Hestia Holding.

Hestia Holding will become the holding company of Financiere CEP When the refinancing closes, Moody's will withdraw Financiere Holding CEP's B2 CFR and B2-PD probability of default rating, as well as the group's facility ratings, as the facilities will be repaid and terminated, the agency said.

The outlook on the issuers is stable.

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