Moody's: Red Ventures unchanged by add-on

Moody's Investors Service said Red Ventures, LLC's B1 corporate family rating, existing debt ratings and positive outlook are not impacted by the recent news that the company has drawn under its revolving credit facility and used cash from its balance sheet to acquire HigherEducation.com.

Concurrent with the borrowings under the revolver, Red Ventures also increased the facility's commitment size to $631.85 million from $450 million.

Red Ventures is a wholly-owned operating subsidiary of Red Ventures Holdco, LP.

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