Moody's assigns Healthy Directions loan B1

Moody's Investors Service said it rated the amended and restated $110 million secured bank loan of Healthy Directions, LLC at B1 (LGD 3, 30%).

Moody's said it also affirmed the corporate family rating at B1 and lowered the probability of default rating to B2.

Proceeds from the amended and restated bank loan were used to retire the existing first-lien and second-lien term loans, the agency said.

Affected ratings include the company's $10 million secured revolving credit facility at B1 (LGD 3, 30%) and $100 million secured term loan at B1 (LGD 3, 30%) and the company's probability-of-default rating was lowered to B2 from B1.

The corporate family rating of B1 and the stable outlook reflect that important quantitative and qualitative attributes balance at the B level, the agency said.

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