Moody’s gives EyeCare add-on B2

Moody’s Investors Service said it assigned a B2 rating to EyeCare Partners, LLC's planned $225 million incremental senior secured first-lien term loan due November 2028.

There are no changes to EyeCare's other ratings including the B3 corporate family rating, the B3-PD probability of default rating, the first-lien senior secured bank credit facility rating at B2 and the second-lien senior secured bank credit facility rating at Caa2, the agency said.

EyeCare plans to use the loan to fund acquisitions and add cash to the balance sheet.

The outlook remains stable.

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