Neovia Logistics Services, LLC -- Moody's affirms ratings of Neovia Logistics following commencement of consent solicitations

New York, October 28, 2014 -- Moody's Investors Service ("Moody's") has affirmed the ratings of Neovia Logistics Intermediate Holdings, LLC ("Neovia"), including the B3 Corporate Family Rating ("CFR"), the B2 rating of the $450 million senior secured notes due 2020 and the Caa2 rating of the $125 million senior unsecured PIK notes due 2018, following the commencement of consent solicitations in connection with the sale of Neovia to an affiliate of Goldman Sachs & Co. and Rhône Capital L.L.C. The B3 CFR of Neovia reflects the company's substantial amount of debt and the adverse effect on profits of continuing carve-out expenses, balanced by the relatively high margins of its spare parts logistics business. The ratings outlook is stable.

Vollständigen Artikel bei Moodys lesen