World Triathlon Corporation -- Moody's assigns B2 corporate family rating to World Triathlon Corporation

New York, June 17, 2014 -- Moody's Investors Service has assigned a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) to World Triathlon Corporation ("WTC" or "the company"). Moody's has also assigned B2 (LGD3-49%) ratings to the company's proposed $240 million senior secured 1st lien credit facilities which consist of a $220 million term loan due 2021 and a $20 million revolver due 2019. The proceeds from the new term loan will be used to pay a $220 million dividend to the company's equity sponsors. The ratings are contingent upon Moody's review of final documentation and no material change in the terms and conditions of the debt as advised to Moody's. The outlook is stable.

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