Moody's assigns rating to Creative Artists Agency's proposed term loan
New York, February 01, 2017-- Moody's Investors Service assigned a B2 rating to Creative Artists Agency, LLC's proposed term loan B and the corporate family rating is unchanged at B2. The proposed term loan B will be increased by $160 million to approximately $778 million in order to fund a dividend to shareholders, including TPG Capital and members, as well as pay transaction related expenses. Leverage pro-forma for the transaction will increase to 6 x as of Q4 2016 and the maturity...
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