Moody’s assigns Financiere loan B2

Moody's Investors Service said it assigned a B2 rating to Financiere Holding CEP’s €805 million senior secured first-lien term loan B due in 2027. Moody's concurrently lowered to B2 from B1 CEP's €725 million senior secured first-lien term loan B due in 2027 as well as Hestia Holding's €50 million guaranteed senior secured first-lien revolving credit facility due 2026.

Moody's also affirmed Hestia’s Caa1 €125 million, to be reduced to €45 million, guaranteed senior secured second-lien term loan maturing in 2028 as well as its B2 corporate family rating and B2-PD probability of default rating.

The rating on CEP's €725 million loan will be withdrawn once repaid following the issuance of the new facility.

The outlooks on all the issuers remain stable.

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