Penton Business Media, Inc. -- Moody's changes Penton's proposed first lien facility rating to B1 from B2 to reflect new deal structure

New York, September 30, 2013 -- Moody's Investors Service (Moody's) changed the rating on the proposed first lien debt to be issued by subsidiaries of Penton Operating Holdings, Inc. to B1 from B2. The rating assigned to proposed second lien term loan is affirmed at Caa2. The Caa1 corporate family rating (CFR) and Caa1-PD probability of default rating (PDR) of Penton Business Media Holdings, Inc (Penton) remain on review for upgrade following the proposed debt refinancing. Upon closing of the transaction and review of final documentation, Moody's expects to raise the CFR to B3 from Caa1 and change the outlook to stable.

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