New York, June 18, 2015 -- Moody's Investors Service assigned a B1 rating to Summit Materials, LLC's ("Summit") proposed $650 million term loan B and a Caa2 rating to the company's proposed $275 million senior notes. The proceeds will be used to refinance Summit's existing term loan B, to fund the purchase of LaFarge's Davenport assets which was announced on April 17, 2015, and to redeem a portion of the company's existing 10.5% senior notes due 2020. Moody's also affirmed Summit's Corporate Family Rating at B3, the Probability of Default Rating at B3-PD, and the senior unsecured notes at Caa2. The senior secured revolving credit facility was upgraded to B1 from B2. The Speculative Grade Liquidity Rating is affirmed at SGL-3 and the rating outlook is stable.

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