Moody’s rates USS Parent loans B1

Moody's Investors Service said it assigned a B2 corporate family rating to USS Parent Holding Corp. (indirect parent of United Site Services, Inc.), as well as a B2-PD probability of default rating and a B1 rating to the proposed senior secured revolver due 2019 and senior secured term loans due 2021.

The outlook is stable.

Calera Capital will acquire United Site. The proposed term loan, along with equity from Calera and the proceeds of subordinated notes (not rated) will be used to purchase the company and pay related fees and expenses.

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