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28.05.2015 19:58:00
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Royal Holdings, Inc. (NEW) -- Moody's assigns B2 CFR to Royal Holdings (New)
New York, May 28, 2015 -- Moody's Investors Service assigned Royal Holdings, Inc. (New) a B2 Corporate Family Rating ("CFR"), B1 first lien senior secured ratings, and Caa1 second lien senior secured ratings. These ratings have been assigned in connection with proposed financing to help fund American Securities' purchase of Royal for an undisclosed sum in a sponsor-to-sponsor transaction with existing owner Arsenal Capital. The rating outlook is stable.
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