New York, December 13, 2013 -- Moody's Investors Service (Moody's) changed the outlook on Cyanco Intermediate Corporation (Cyanco) to negative from stable due to an additional special dividend to sponsor expected to be $65 million. The distribution will be funded by a $50 million add-on to its existing Term Loan facility and by balance sheet cash. Moody's affirmed Cyanco's Corporate Family Rating (CFR) at B2 along with the existing B2 ratings on the company's Term Loan B due 2020 and $15 million senior secured revolving credit facility due 2018. Cyanco was first rated in April 2013 and is majority owned by Oaktree Capital Management.

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