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22.11.2016 16:12:00
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North Atlantic Trading Company, Inc. -- Moody's affirms North Atlantic Trading Company CFR following acquisition of VaporBeast
New York, November 22, 2016 -- Moody's Investors Service affirmed the B2 Corporate Family Rating (CFR) of North Atlantic Trading Company, Inc. (NATC), a subsidiary of Turning Point Brands, Inc. (TPB) following TPB's announcement last week that it had acquired Smoke Free Technologies Inc. d/b/a VaporBeast for $27 million. The first lien secured term loan was downgraded to B2 from B1. The outlook is stable.
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