New York, September 21, 2016 -- Moody's Investors Service assigned a first-time B3 Corporate Family Rating to Fort Dearborn Holding Company, Inc. and a B3-PD Probability of Default rating. Moody's also assigned B2 ratings to the $75 million senior secured revolver and $455 million first lien senior secured term loan and a Caa2 rating to the $170 million second lien term loan. The proceeds of the new credit facilities along with an equity contribution were used to fund the approximate $830 million acquisition of Fort Dearborn by funds affiliated with Advent International from KRG Capital. The ratings outlook is stable.
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