Moody’s gives Physician Partners loan B2

Moody's Investors Service said it assigned a B2 rating to Physician Partners LLC's (Better Health Group) new $150 million incremental backed senior secured first-lien term loan.

There is no change to Physician Partners' other ratings, including its B2 corporate family rating, and B2 rating on the backed senior secured first-lien credit facilities.

The proceeds will be used to add cash to the balance sheet, for general corporate purposes including investments in the growth of the platform. At the same time, Physician Partners LLC plans to upsize the revolving credit facility to $105 million from $80 million.

The outlook remains stable.

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