Digital Media Solutions entered into a new $275 million, five-year senior secured credit facility. Truist Securities and Fifth Third Bank acted as joint lead arrangers and joint bookrunners for the financing.
Truist Bank increased Builders FirstSource’s revolving credit facility from $900 million to $1.4 billon and extended the maturity date by 26 months. Builders FirstSource is a Dallas-based supplier of building products for residential construction, repair and remodeling.
Moody’s assigned a B1 rating to a new $994 million first lien term loan executed by Hostess Holdco and subsidiaries to replace a preexisting term of the same amount.
The Justice Department, 21 states and the District of Columbia reached a $864 million settlement agreement with Moody’s in conjunction with the agency’s behavior preceding the financial crisis.
Moody’s downgraded all ratings of Foresight Energy including the corporate family rating to Caa1 from B3, reflecting the continued headwinds in the coal sector and the recent deterioration in seaborne and domestic coal prices.
Moody’s Investors Service assigned issuer ratings of A1 and Prime-1 to GE Capital Holdings, with a stable outlook. Moody’s will withdraw GECC’s ratings after GE completed the reorganization, with includes a merger of GECC into GE.
Moody’s Investors Service rated Envision Healthcare’s proposed $750 million senior secured term loan due 2022 B1, and lowered the rating on its existing $1.28 billion senior secured term loan to B1 from Ba3.
Moody’s Investors Service assigned a B3 rating to the proposed senior credit facilities of PrimeLIne Utility Services and affirmed PrimeLine’s B3 Corporate Family and Caal-PD ratings.
Moody’s Investors Service affirmed the Baa2 long-term issuer and debt ratings of Mubadala GE Capital. The affirmation incorporates Moody’s view on the recent announcement regarding the sale to MidCap Finco.
Moody’s Investors Service assigned a Ba2 rating to Frontier Communications’ senior secured term loan A. The proceeds of this loan will be used to purchase certain assets from Verizon Communications.