London, 10 November 2014 -- Moody's Investors Service has today assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default rating (PDR) to Cregstar BidCo Limited, the holding company for Creganna and its subsidiaries ("Creganna" or "the company"). The company is indirectly majority-owned by funds managed by Permira Advisers LLC. Concurrently, Moody's has assigned ratings to the new senior secured loans, namely a provisional (P)B1 to the first lien secured facilities of USD210 million, which includes a USD25 million revolving credit facility (RCF), and a provisional (P)Caa1 to the second lien secured facility of USD90 million, which will be borrowed at Irish Finco and a co-borrower. The rating outlook is stable.

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