Moody's Investors Service ("Moody's") affirmed Radiate Holdco, LLC's (Radiate or the Company) B2 Corporate Family Rating (CFR) and B2-PD Probability of Default (PDR) following the Company's planned $3.4 billion dividend recapitalization. Moody's also assigned a a B1 rating to the Senior Secured Bank Credit Facility including the amended and extended $1.19 billion 6-year, Term Loan B (due 2026) and amended, extended, and upsized 5-year, $415 million Revolving Credit Facility (RCF, due 2025). Moody's affirmed the B1 rating on the existing Term Loan B (due 2024) and existing Revolving Credit Facility (due 2022), which are expected to be fully repaid/retired at transaction close and ratings withdrawn at that time. Read More...
Moody’s Investors Service (“Moody’s”) affirmed Radiate Holdco, LLC’s (Radiate or the Company) B2 Corporate Family Rating (CFR) and B2-PD Probability of Default (PDR) following the Company’s planned $3.4 billion dividend recapitalization. Moody’s also assigned a a B1 rating to the Senior Secured Bank Credit Facility including the amended and extended $1.19 billion 6-year, Term Loan B (due 2026) and amended, extended, and upsized 5-year, $415 million Revolving Credit Facility (RCF, due 2025). Moody’s affirmed the B1 rating on the existing Term Loan B (due 2024) and existing Revolving Credit Facility (due 2022), which are expected to be fully repaid/retired at transaction close and ratings withdrawn at that time.
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