NEP/NCP Holdco, Inc -- Moody's affirms NEP's B2 CFR on acquisition, upgrades first lien to B1 from B2

New York, April 01, 2015 -- Moody's Investors Service affirmed the B2 Corporate Family Rating (CFR) of NEP / NCP Holdco, Inc (NEP), raised the rating on its first lien credit facility to B1 from B2, and affirmed the Caa1 rating on its second lien credit facility. The action follows NEP's announced plan to acquire Mediatec Group (Mediatec), which provides technical solutions for the media, event and sports industries throughout Europe. NEP plans to finance the acquisition with a combination of $75 million of incremental second lien debt, assumption of Mediatec's existing debt, and additional cash equity contributions from Crestview Partners and NEP management.

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