New York, November 04, 2015 -- Moody's Investors Service (Moody's) assigned to Pangea Merger Sub Inc. (Pangea) a first-time B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating. Moody's also assigned a B1 rating to Pangea's proposed $550 million of first lien credit facilities and a Caa1 rating to its $150 million second lien term loan facility. The rating outlook is stable.

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