Moody's Upgrades Hoover Group's First Lien Term Loan to B1 from B3; No Change to B3 CFR
Approximately $255 million of rated debt affected. New York, November 16, 2016-- Moody's Investors Service upgraded the first lien term loan of Hoover Group, Inc. to B1 from B3 following the merger with Ferguson Group and Catalyst& Chemical Containers and the addition of junior debt to the capital structure. Concurrently, Moody's assigned a B3 Corporate Family Rating at Hoover Group, Inc. and withdrew the B3 CFR at Hoover.
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