Moody’s rates TaxACT CFR, loans B1

Moody's Investors Service said it assigned a B1 corporate family rating to TaxACT Holdings, Inc., a subsidiary of Blucora, Inc. (unrated), and a B1 rating to the planned $425 million credit facilities being established to partially finance Blucora's acquisition of HDV Holdings, Inc. (unrated).

HDV Holdings is the holding company for the group of companies that comprise the HD Vest Financial Services business.

The outlook is stable.

Moody's said the B1 ratings are supported by the profitable, growing and diversified activities of the two entities that will be jointly and severally liable for the planned credit facilities (comprising of a $400 million seven-year first-lien term loan and a $25 million five-year revolver).

These two entities are TaxACT, Inc. (unrated), Blucora's online tax preparation business, and H.D. Vest, Inc. (HD Vest, unrated), an independent retail brokerage that offers technology, training, financial products, compliance and support services to tax professionals to allow them in turn to offer financial advice and investment products to their clients.

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