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22.09.2015 19:33:00
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Creative Artists Agency, LLC -- Moody's says CAA's proposed $75 million term loan add on and revolver upsize will not impact the ratings
New York, September 22, 2015 -- Moody's says Creative Artists Agency, LLC's (CAA) $75 million first lien term loan add on and $25 million revolver upsize to $125 million will not impact the B2 corporate family rating or the B2 rating on the credit facility. The outlook remains stable. The proceeds are expected to be used to paydown the outstanding balance on the revolver and add cash to the balance sheet. The term loan add on is expected to be fungible with the existing term loan.
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