Moody’s rates Dealer Tire CFR, loans B2

Moody's Investors Service said it assigned Dealer Tire, LLC a B2 corporate family rating, B3-PD probability of default rating, a B2 rating to the proposed $100 million senior secured revolving credit facility and a B2 rating to its proposed $615 million senior secured term loan facility.

The outlook is stable.

Proceeds from the funded term loan along with new equity from affiliates of Lindsay Goldberg will be used to fund the purchase of a majority interest in Dealer Tire, refinance existing debt and pay related fees and expenses.

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