Moody’s gives Edilians loan B2

Moody’s Investors Service said it gave a B2 rating to LSF10 Edilians Investments Sarl’s new €660 million senior secured first-lien term loan maturing in 2028 and its new €90 million senior secured first-lien revolving credit facility maturing in 2027.

The proceeds will be used to repay Edilians’ €531 million senior secured first-lien term loan and its €15 million outstanding senior secured second-lien term loan and funding a €111 million first-time dividend distribution. Upon completing the transaction, Moody’s will withdraw the B2 rating on the repaid senior secured facilities.

The agency also affirmed Edilians’ B2 corporate family rating and B2-PD probability of default rating.

The outlook is stable.

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