Road Infrastructure Investment Holdings, Inc. -- Moody's assigns Road Infrastructure Investment Holdings Inc. a CFR of B2; outlook negative

New York, June 01, 2016 -- Moody's Investors Service, ("Moody's") assigned a B2 corporate family rating (CFR) to Road Infrastructure Investment Holdings Inc. as well as a B2-PD probability of default rating (PDR). Moody's also assigned B1 ratings to its proposed $75 million revolving credit facility due 2021 and $442 million senior secured first lien term loan due 2023. Additionally, the company has a $172 million senior secured second lien due 2024 that is unrated. Road will use the new facilities to refinance its current capital structure following Road's sale to Olympus Partners from Brazos Private Equity LLC. Upon completion of the transaction Moody's will withdraw its existing ratings on Road Infrastructure Investment, LLC (B2 negative). The transaction is expected to close in June. The outlook is negative.

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