Report
EUR 168.66 For Business Accounts Only

Moody's affirms North Atlantic Trading Company CFR following acquisition of VaporBeast

New York, November 22, 2016-- Moody's Investors Service affirmed the B2 Corporate Family Rating of North Atlantic Trading Company, Inc., a subsidiary of Turning Point Brands, Inc. following TPB's announcement last week that it had acquired Smoke Free Technologies Inc. d/b/a VaporBeast for $27 million. The first lien secured term loan was downgraded to B2 from B1. VaporBeast markets e-liquids, vaporizers and accessories, directly to consumers and to non-traditional retail...
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

  • 130 countries
    11,000 corporate issuers
    21,000 public finance issuers
    76,000 structured finance obligations



Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



Moody’s default studies validate our predictive ratings. Our published research and investor briefings draw thousands of attendees each year and keep investors current with the rationale underlying our credit opinions. 

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