Concurrently, Moody's has also affirmed the B2 ratings on the backed senior secured bank credit facilities borrowed at Minerva Bidco Limited. Outlook on all ratings remain stable.MGS has recently secured a GBP100 million add-on term loan, fungible into the existing GBP360 million backed senior secured term loan B. The proceeds will be used to fund the acquisitions of Babcock Power and Z-Tech Control Systems, add cash to the balance sheet and pay associated fees and expenses. The company has also upsized to GBP90 million through an add-on the existing GBP75 million backed senior secured revolving credit facility (RCF)."MGS' ratings continue to be supported by the company's good degree of revenue visibility together with its good underlying free cash flow generation.