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Moody’s gives B3 to Nemera loan
Moody’s Investors Service said it assigned a B3 rating to Financiere N’s (Nemera) planned amend and extend transaction which includes a new €590 million senior secured term loan B2 maturing in January 2029–composed of a dollar- and euro-denominated tranche––and a new €100 million senior secured revolving credit facility maturing in October 2028.
Nemera is also extending and reducing its second-lien notes to €70 million, due January 2030.
The agency also affirmed Nemera’s B3 corporate family rating and the B3-PD probability of default rating.
The outlook is stable.
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