Element Materials Tech Grp Hldgs CC2 Ltd -- Moody's affirms Element's ratings (B2) as the company raises a new USD70 million incremental facility to fund the acquisition of TRaC

London, 09 April 2015 -- Moody's Investors Service (Moody's) has today affirmed Element Materials Technology Group Holdings CC2 Ltd's (Element or the company) B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) as well as the B2 instrument ratings of the USD285 million Term Loan B due 2021 and the USD40 million Revolving Credit Facility (RCF) due 2019 raised by Element Materials Technology Group US Holdings Inc. (the US borrower) and Element Materials Technology Holding UK Ltd (the UK borrower), both subsidiaries of the company. Concurrently, Moody's has assigned a new (P)B2 instrument rating to the USD70 million incremental Term Loan B due 2021 to be raised by the UK borrower. The outlook is stable on all the ratings.

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