New York, October 03, 2016 -- Moody's Investors Service, ("Moody's") assigned B2 ratings to Platform Specialty Products Corporation's proposed $1.961 billion senior secured term loans that will partially refinance its existing term loans. Platform will issue a new $1.647 billion term loan B-4 and a new $314 million (USD equivalent) EUR term loan C-3 with new interest rates, amended covenants, and extended maturity to June 2023. The new debt will refinance its existing term loan B-1, term loan B-2, and EUR term loan C-1; ratings on these tranches will be withdrawn at close of refinancing. The proposed transaction is leverage neutral and is expected to result in a modest reduction in annual interest expense of between $10 - $15 million. The existing B2 corporate family rating (CFR) is unchanged. The rating outlook is negative.

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