MedImpact Holdings, Inc. -- Moody's upgrades MedImpact's CFR to B1 from B2; assigns B1 to new Term Loan; outlook stable

New York, October 07, 2015 -- Moody's Investors Service upgraded MedImpact Holdings, Inc.'s Corporate Family Rating (CFR) to B1 from B2 and its Probability of Default Rating (PDR) to B1-PD from B2-PD. At the same time, Moody's assigned a B1 rating to the company's new First Lien Secured Term Loan, which will be used to refinance existing secured notes. Moody's will withdraw the ratings on these existing notes at the close of this transaction. The new Term Loan will be borrowed by a new entity, MedImpact OpCo Holdings, Inc. Subsequently, the CFR, PDR and SGL ratings at MedImpact Holdings, Inc. will be withdrawn and reassigned to the new borrowing entity. The rating outlook is stable.

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