28.07.2015 15:51:00
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Emdeon Inc. -- Moody's confirms Emdeon's B2 CFR, outlook stable
New York, July 28, 2015 -- Moody's Investors Service confirmed the ratings of Emdeon Inc. ("Emdeon"), including the company's B2 Corporate Family Rating ("CFR") and B2-PD Probability of Default Rating. Concurrently, Moody's confirmed the Ba3 rating on the company's senior secured revolver and term loans (to be upsized by $395 million), and the Caa1 rating on the company's senior notes due 2019. Moody's assigned a Caa1 rating to the company's proposed $250 million of senior notes and a Speculative Grade Liquidity Rating ('SGL") of SGL-2. The rating outlook is stable. This concludes the review initiated on July 7, 2015 when Emdeon announced that it would acquire Altegra Health ("Altegra") for $910 million.