Peacock Engineering Company, LLC -- Moody's assigns B2 CFR to Peacock; outlook stable

New York, July 09, 2015 -- Moody's Investors Service, Inc. (Moody's) today assigned a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating to Peacock Engineering Company, LLC (Peacock). Moody's also assigned a B2 rating to Peacock's $35 million first lien revolving credit facility expiring in 2020 and $285 million first lien term loan maturing in 2022. Moody's assigned a Caa1 rating to Peacock's $55 million second lien term loan maturing in 2023. The proceeds from these facilities will be used to acquire L&L Foods Holdings, LLC (L&L) and repay existing debt at Peacock. The outlook is stable.

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