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Restaurant Technologies, Inc. -- Moody's assigns Restaurant Technologies a B2 CFR first-time rating

Moody's Investors Service ("Moody's") assigned first-time ratings for Restaurant Technologies, Inc., including a B2 Corporate Family Rating (CFR), a B2-PD Probability of Default Rating (PDR), and a B1 rating to each of the company's proposed first-lien credit facilities, including a $60 million 5-year revolver and a $375 million 7-year first-lien term loan. In addition, Moody's assigned a Caa1 rating to the company's proposed $125 million 8-year second-lien term loan. "The B2 CFR largely reflects Restaurant Technologies' relatively small size, high financial leverage in connection with the LBO of the company, and our expectation for limited free cash flow generation over the next 12-18 months owing largely to the company's high interest expense burden and substantial upfront capital expenditures related to new customer installations " according to Brian Silver, Moody's Vice President and lead analyst for the company.