Moody’s gives Baa2 to RPI Finance loan

Moody's Investors Service said it assigned a Baa2 senior secured ratings to RPI Finance Trust’s new $2,525,000,000 senior secured term loan.

There are no changes to RPI Finance’s existing ratings, including the Baa2 senior secured term loans.

The outlook remains negative.

Proceeds will be used to repay existing term loans, and the transaction is leverage neutral.

Moody’s said the Baa2 senior secured rating reflects the strong product portfolio underlying RPI Finance’s royalty stream. It also reflects the company's excellent track record of successfully acquiring royalty interests on some of the pharmaceutical industry's leading products including Humira, Remicade and Januvia.

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