14.01.2015 20:33:00
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Air Newco LLC -- Moody's assigns B3 CFR to Air Newco 5 Sarl (ACS); outlook positive
London, 14 January 2015 -- Moody's Investors Service ("Moody's") has today assigned a corporate family rating (CFR) of B3 and a probability of default rating of B3-PD to Air Newco 5 Sarl ("Holdings" or "the Group"). We also assigned a (P) B2 (LGD3) rating to the senior secured first lien facilities comprising a GBP320.5 million term loan B and a USD50 million revolving credit facility and a (P) Caa2 (LGD5) rating to the GBP128 million second lien term loan for which Holding's indirect subsidiary Air Newco LLC will be the borrower. The outlook is positive.