New York, June 16, 2016 -- First Eagle Holdings, Inc.'s (formerly ASBH, Inc.) corporate family and senior debt ratings and outlook are unaffected by the proposed $150 million term loan add-on announced on 15 June 2016, says Moody's Investors Service. First Eagle Holdings, Inc. will use the proceeds of the transaction to pay down the outstanding $80 million balance on its $150 million revolving credit facility, which was tapped to close the buyout of First Eagle Holdings, Inc. by private equity sponsors Blackstone and Corsair Capital in December 2015. The remaining $70 million of proceeds will be available for general corporate purposes but is expected to sit on the company's balance sheet which will bolster the company's liquidity profile. While pro forma debt leverage will weaken as a result of the transaction, it remains in line with our expectations for Ba1-rated asset managers. Following the transaction debt outstanding will be approximately $1.5 billion.

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