17.03.2014 20:47:00
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Knowledge Universe Education LLC -- Moody's says Knowledge Universe's upsize of term loan is credit negative; no impact on ratings
New York, March 17, 2014 -- Moody's Investors Service said that Knowledge Universe's ("KUE LLC") upsize of its proposed first lien senior secured term loan due 2021 from $270 million to $300 million is credit negative, however, does not impact the ratings, including the B3 corporate family rating, B3-PD probability of default rating, and B2 rating on the proposed first lien senior secured term loan and revolving credit facility. The stable rating outlook is also unchanged.