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Blount International, Inc. -- Moody's says Blount's planned re-pricing of Term Loan B and dividend distribution has no ratings impact

Moody's Investors Service ("Moody's") said Blount International, Inc.'s planned re-pricing of its $630 million Term Loan B is positive to the overall credit profile of Blount because it reduces cash interest expense, however the decision to fund a $50 million special dividend distribution to shareholders with existing cash rather than investing back into the business or repaying debt is credit negative. This transaction will have no impact to the B1 Corporate Family Rating (CFR) or stable ratings outlook. This publication does not announce a credit rating action.