Moody's assigns AQ Carver Buyer loans B2, Caa2

Moody’s Investors Service said it assigned a B2 rating to AQ Carver Buyer, Inc.’s proposed senior secured first-lien credit facility, comprised of a $325 million term loan and an undrawn $45 million revolver, and a Caa2 rating to the proposed $130 million second-lien term loan.

Proceeds will be used to fund the purchase of AQ Carver, doing business as CoAdvantage, by Aquiline Partners.

The agency also assigned a corporate family rating of B3 and a probability of default rating of B3-PD.

The outlook is stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.