Moody's assigns Caa1 CFR to CD&R Reign Merger Sub (Drive DeVilbiss Healthcare); outlook stable
New York, November 14, 2016-- Moody's Investors Service assigned a Caa1 Corporate Family Rating and a Caa1-PD Probability of Default Rating to CD&R Reign Merger Sub, Inc., which conducts business as Drive DeVilbiss Healthcare. Moody's also assigned Caa1 ratings to the company's proposed first lien senior secured credit facilities, and a Caa3 to a proposed second lien senior secured term loan. The rating outlook is stable.
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