New York, November 28, 2016 -- Moody's Investors Service ("Moody's") assigned Velocity Merger Sub, Inc. (aka Vestcom Parent Holdings, Inc.) a B3 Corporate Family Rating (CFR), a B3-PD Probability of Default Rating in conjunction with the proposed new first lien and second lien capital structure. Moody's assigned B2 (LGD3) ratings to the proposed $40 million Senior Secured Revolving Credit Facility and $335 million Senior Secured 1st Lien Term Loan. The proposed $158 million Senior Secured 2nd Lien Term Loan is unrated. The rating outlook is stable.
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