Stahl Group SA -- Moody's assigns B2 CFR to Stahl and (P)B2 rating to its Senior Secured Facilities; stable outlook

London, 15 July 2015 -- Moody's Investors Service ("Moody's") has today assigned a B2 corporate family rating (CFR) and B2-PD probability of default rating (PDR) to Stahl Group SA ('Stahl' or the 'Company'). Concurrently, Moody's has assigned a provisional (P)B2 to the USD 600 million senior secured Term Loan B and to the EUR 45 million-equivalent multi-currency senior secured revolving credit facility (the 'RCF'), which will be borrowed by Dutch Newco, a 100% owned subsidiary of Stahl, to repay in full the existing indebtedness of the Company, to fund an extraordinary distribution, and to pay associated transaction costs. The transaction is expected to close by the end of July 2015. The outlook on all ratings is stable.

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