Fresh Market, Inc. (The) -- Moody's assigns first time B2 CFR to The Fresh Market

New York, April 15, 2016 -- Moody's Investors Service today assigned a B2 Corporate Family Rating and B2-PD probability of default rating to The Fresh Market, Inc. Moody's also assigned a Ba2 rating to the company's proposed $100 million revolving credit facility and B2 rating to its proposed $800 million senior secured notes. Borrowings will be used to finance the acquisition of The Fresh Market, Inc. by Apollo Global Management, LLC ("Apollo") and for general corporate purposes. Apollo is acquiring the company for about $1.4 billion and will contribute $495 million in equity to the transaction. This is a first time rating for The Fresh Market, Inc. The ratings are subject to review of final documentation. The rating outlook is stable.

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