29.07.2014 16:35:00
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Lock AS -- Moody's assigns (P)B2 rating to Lindorff AB
London, 29 July 2014 -- Moody's Investors Service (Moody's) has today assigned a provisional (P)B2 Corporate Family rating to Lock Lower Holding AS, the parent company of Lindorff AB (Lindorff). Moody's has also assigned a (P)B2 rating to the proposed EUR1 billion senior secured notes and a (P) B1 to the proposed EUR225 million revolving credit facility (RCF), both to be issued by Lock AS, a subsidiary of Lock Lower Holding AS. In addition, Moody's has assigned a (P) Caa1 to the proposed EUR450 million senior notes to be issued by Lock Lower Holding AS. This is the first time that Moody's has rated Lindorff.