New York, January 12, 2016 -- Moody's Investors Service, ("Moody's") has assigned a Ba2 corporate family rating to NorthStar Asset Management Group ("NSAM") following the announcement of its entry into an agreement to acquire a majority stake in The Townsend Group ("Townsend"). Moody's has also assigned a Ba2 rating to a $500 million senior secured first lien term loan. The net proceeds will be used to finance the Townsend acquisition, refinance a short-term bridge facility and for general corporate purposes. The rating outlook is negative.
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