New York, June 03, 2015 -- Moody's affirmed Sonneborn Holdings LP's B1 corporate family rating (CFR), the B1-PD probability of default rating (PDR), and the B1 rating on the first-lien senior secured bank credit facilities issued by Sonneborn LLC, a fully owned guaranteed subsidiary of Sonneborn Holdings LP. The first-lien senior secured credit agreement consists of a $280 million term loan facility due 2020 and a $20 million and EUR 8 million revolving credit agreement due 2019. Moody's has today changed the outlook on Sonneborn's ratings to stable from negative.

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