Moody’s rates Hyperion loan B2

Moody's Investors Service said it assigned a B2 rating to the planned $555 million backed senior secured term loan being issued by Hyperion Refinance Sarl, a subsidiary of HGH Finance Ltd. (Howden), which is guaranteeing, together with all material subsidiaries, the loan.

The rating is the same as the agency’s rating on Hyperion’s $500 million loan due 2030 that was rated in March.

The proceeds will be used to partly refinance one of its facilities and to fund the locked account, with no material effect on the group's leverage position or its earnings coverage on interest, the agency said.

The outlook is stable.

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