Boulder Brands, Inc -- Moody's: Boulder Brands' B1 CFR Unchanged by $25 million Add-On TLB

New York, December 10, 2013 -- Moody's Investors Service ("Moody's") today stated that Boulder Brands'$25 million proposed add on term loan B does not impact the company's Corporate Family Rating ("CFR") of B1. The incremental $25 million, which the company may use for general corporate purposes including acquisitions, will bring the company's pro forma debt to EBITDA to 4.6 times, which remains below the 5 times leverage Moody's has indicated could lead to a downgrade. The company has good liquidity with $23 million in cash on the balance sheet and $70 million available on its $80 million senior secured revolving credit facility. The outlook remains stable.

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