Moody's rates KNS loans B1

Moody's Investors Service said it assigned a B2 rating to KNS Acquisition Corp.’s (Nutrisystem) corporate family rating, a B2-PD probability of default rating and B1 rating to its proposed $632 million senior secured first-lien credit facilities, including a revolver and term loan.

Moody’s said the rating assignments reflect elevated leverage and small scale with projected revenues of less than $1 billion.

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.