Performance Food Group, Inc. -- Moody's says Performance Food Group's IPO a Credit Positive; Proceeds Will Go Towards Debt Reduction

New York, September 23, 2015 -- Moody's Investors Service stated today that the ratings and rating outlook for Performance Food Group Inc. (PFG) are not currently affected by the company's announced plans to sell approximately 12.7 million shares of common stock for between $22 to $25 per share in an initial public offering with proceeds used to reduce debt. The current ratings include: B1 Corporate Family Rating, B1-PD Probability of default Rating, and B3 second lien senior secured rating. The rating outlook continues to be stable. For further information, please see www.moodys.com.

Vollständigen Artikel bei Moodys lesen