13.06.2014 18:51:00

Wave HoldCo, LLC -- Moody's assigns Caa1 to proposed Wave Holdco bonds, affirms B2 CFR, outlook negative

New York, June 13, 2014 -- Moody's Investors Service assigned a Caa1 rating to the proposed $150 million Senior PIK Toggle Notes of Wave Holdco, LLC (Wave Holdco), a newly created holding company which owns 100% of WaveDivision Holdings, LLC (Wave). The company plans to use proceeds to fund a dividend to its shareholders, Oak Hill Capital Partners, GI Partners, and management.

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