New York, December 01, 2014 -- Moody's Investors Service assigned a B1 rating to Douglas Dynamics LLC's ("Douglas") new senior secured term loan and raised the Speculative Grade Liquidity Rating ("SGL") to SGL-2 from SGL-3. At the same time, Moody's affirmed the company's B1 Corporate Family Rating ("CFR"). Proceeds from the issuance will be used to partially fund the acquisition of Henderson Enterprise Group, Inc. (unrated) for $95 million, refinance existing debt, and pay related fees and expenses. The outlook is stable.
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