DLG Acquisitions Limited -- Moody's assigns (P)B3 CFR to All3Media; outlook stable

London, 09 June 2014 -- Moody's today assigned a first-time (P)B3 corporate family rating (CFR) to DLG Acquisitions Ltd. ("DLG Acquisitions"), a company which has agreed to acquire All3Media Holdings Limited ("All3Media Holdings"). UK-based All3 Media Holdings is, through its subsidiaries, an internationally active producer and distributor of television programming. DLG Acquisitions is a joint venture of Discovery Communications Inc. ("Discovery", rated Baa2; stable at the Discovery Communications LLC level) and Liberty Global plc ("Liberty Global", rated Ba3; stable). The transaction is still subject to regulatory approval and is expected to close during the 3rd quarter of 2014. At the same time Moody's assigned a (P)B2 rating to the GBP290 million first lien term loan due 2021 and GBP30 million revolving credit facility due 2020 of All3Media Finance Limited ("All3MediaFinance"), an indirect subsidiary of All3Media Holdings. Finally, Moody's assigned a (P)Caa2 rating to the EUR100 million (GBP82 million equivalent) second lien term loan due 2022 at DLG Acquisitions. The rating outlook is stable.

Vollständigen Artikel bei Moodys lesen