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Moody's rates Paysafe secured notes B1
Moody's Investors Service said it assigned a B1 rating to the proposed $1.026 billion equivalent backed senior secured notes due 2029 to be issued by Paysafe Finance plc.
The outlook is stable.
Proceeds from the new backed senior secured notes will be used to refinance an equivalent amount under the existing term loans due 2025, not covered by the previously announced Paysafe Holdings (US) Corp. senior secured dual-tranche term loan issuance, and pay associated fees and expenses. The ratings on the existing debt instruments will be withdrawn upon repayment.
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