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Plaskolite PPC Intermediate II LLC -- Moody's rates Plaskolite PPC Intermediate II LLC B2; Outlook negative

Moody's Investors Service has assigned a B2 Corporate Family Rating ("CFR") to Plaskolite PPC Intermediate II LLC, following the company's change in ownership and proposed debt issuance. At the same time, Moody's has assigned B2 ratings to Plaskolite's proposed first lien term loan and revolving credit facility. On November 12, 2018, PPC Partners announced that it has signed a definitive agreement to acquire Plaskolite, LLC from an affiliate of Charlesbank Capital Partners.