New York, July 19, 2013 -- Moody's says the announcement by Arctic Glacier U.S.A., Inc. that the company plans to exercise the $20 million accordion feature under its existing $260 million first lien term loan facility is a credit negative, but does not immediately impact the company's B3 Corporate Family Rating ("CFR") or stable rating outlook. Proceeds will be used to repay $14 million of existing revolver borrowings and to provide approximately $6 million of balance sheet cash for acquisitions, general corporate purposes and transaction related fees and expenses.

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