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Diamond Sports Group, LLC -- Moody's says increase in senior secured debt has no impact on Diamond Sports Group's ratings

Moody's Investors Service (Moody's) today said that Diamond Sports Group, LLC's (Diamond, Ba3 stable) announcement that it would increase by $500 million the amount of senior secured debt, and concurrently decrease the amount of senior unsecured debt, it is raising as part of the acquisition of the Regional Sports Networks, had no impact on Diamond ratings. The transaction is leverage neutral and the increase in the quantum of senior secured debt has no impact on the company's Ba2 senior secured rating nor on the B2 rating on the senior unsecured facilities.