Moody’s rates Franklin Square loans Ba1

Moody’s Ratings said it rated Franklin Square Holdings LP’s new $700 million senior secured term loan and $150 million revolving credit facility Ba1.

The proceeds will be used to repay FSJV Holdco, LLC’s and its affiliates' $520 million senior secured term loan B due 2025, $70 million backed senior secured term loan A2 due 2025, and $80 million backed senior secured term loan A1 due 2025. The Ba1 ratings on the replaced facilities will be withdrawn, the agency said.

The outlook is stable.

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