Moody’s rates Eisner loans B2

Moody's Investors Service said it affirmed Eisner Advisory Group LLC's B2 corporate family rating and B2-PD probability of default rating.

Moody's also assigned B2 ratings to the company's proposed senior secured first-lien bank credit facilities, consisting of a $130 million revolver due 2029 and a $795 million term loan due 2031.

The outlook remains stable.

Eisner announced that it would repay its existing rated debt with the net proceeds from the proposed senior secured credit facility. The existing debt ratings will be withdrawn when they are repaid, Moody’s said.

“Although several debt-funded acquisitions that closed in late 2023 and early 2024 have increased Eisner's debt burden, raised integration risks and marginally weakened its key credit metrics, we had anticipated that Eisner would seek inorganic growth, so the B2 CFR already reflects those risks, leading to the affirmation of the CFR at B2,” Edmond DeForest, Moody's senior vice president, said in a news release.

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