New York, October 14, 2014 -- Moody's Investors Service affirmed NAB Holdings, LLC's ("NAB", the parent company of North American Bancard Holdings, Inc.) B1 corporate family rating (CFR), B2-PD probability of default rating, and the B1 rating for the company's senior secured credit facilities in connection with the company's plans to issue $25 million of incremental first lien term loan. The company will use the proceeds from the add-on term loan and $25 million of equity contribution to finance the proposed acquisition of Electronic Payment Exchange ("EPX"), which is in a bankruptcy process. The ratings outlook is stable.

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