TierPoint, LLC -- Moody's assigns first time B3 corporate family rating to TierPoint

New York, November 06, 2014 -- Moody's Investors Service has assigned a first time B3 Corporate Family Rating (CFR) and B3-PD Probability of Default Rating (PDR) to TierPoint, LLC ("TierPoint" or "the company"). Moody's has also assigned B2 ratings to the company's proposed $360 million senior secured 1st lien credit facilities which consist of a $320 million term loan due 2021 and a $40 million revolver due 2019 and a Caa2 rating to the proposed $100 million senior secured 2nd lien term loan due 2022. The proceeds from the new term loans will be used to refinance existing debt at TierPoint and fund the acquisition of Xand Holdings, LLC ("Xand"). The ratings are contingent upon Moody's review of final documentation and no material change in the terms and conditions of the debt as advised to Moody's. The outlook is stable.

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