TRG Financing LLC -- Moody's assigns B2 CFR to Top Right Group; outlook stable

London, 24 March 2015 -- Moody's Investors Service has today assigned a B2 Corporate Family Rating (CFR) and B2-PD probability of default rating (PDR) to Eden Acquisition 5 Limited a company which is the 100% ultimate owner of Top Right Group Limited ("TRG"), a UK based business-to-business media company with international operations focusing on Events, Information Services and Subscription Contents. Concurrently, Moody's assigned a provisional rating of (P)B2 to the GBP435 million equivalent senior secured Term Loan B due 2022 to be issued by Eden Bidco Limited with TRG Financing LLC as a co-borrower and a provisional rating of (P)B2 to the GBP75 million equivalent senior secured revolving credit facility due 2021 to be issued by Eden Bidco Limited. The outlook on the ratings is stable.

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