12.12.2012 02:09

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Arizona Chemical Holdings Corporation -- Moody's says $100 million increase in Arizona Chems' term loan does not change Ba3 rating


Approximately $593 million of rated debt pro forma for addition

New York, December 11, 2012 -- Moody's Investors Service maintained Arizona Chemical Holdings Corporation's (ACHC) Ba3 Corporate Family Rating (CFR) and the rating on AZ Chem US Inc.'s six-year $550 million Term Loan due 2017 at Ba3 (LGD3, 45%). The company is proposing an amendment that increases the size of the term loan by $100 million and allows for a sizable dividend. For more information, please see the ACHC page at www.moodys.com

Headquartered in Jacksonville - Florida, ACHC is a global leader in the production and sales of pine based specialty chemicals. Estimated revenue for the LTM period ended September 30, 2012 was approximately $1.1 billion.

William Reed VP - Senior Credit Officer Corporate Finance Group Moody'sInvestors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653Steven Wood MD - Corporate Finance Corporate Finance Group JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653 Releasing Office: Moody's Investors Service, Inc.250 Greenwich StreetNew York, NY 10007 U.S.A. JOURNALISTS: 212-553-0376 SUBSCRIBERS: 212-553-1653(C) 2012 Moody's Investors Service, Inc. and/or its licensors and affiliates (collectively, "MOODY'S"). All rights reserved.

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