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TAMKO Building Products, LLC -- Moody's assigns B1 CFR to TAMKO Building Products, LLC; rating outlook stable

Moody's Investors Service ("Moody's") assigned a first time B1 Corporate Family Rating and B1-PD Probability of Default Rating to TAMKO Building Products, LLC ("TAMKO"), a manufacturer and marketer of roofing products and accessories in the United States. In a related rating action, Moody's assigned a B2 rating to the company's proposed $600 million senior secured term loan due 2026. TAMKO will use proceeds from the term loan, along with an estimated $75 million under the company's new revolving credit facility, to make a distribution to existing shareholders, repay outstanding debt, and pay related fees and expenses.