Moody's assigns B2 to FCG add-on

Moody's Investors Service said it assigned a B2 rating to FCG Acquisitions, Inc.'s (Flow Control Group) new non-fungible incremental first-lien term loan, which is the same rating as FCG's existing first-lien term loans.

The new term loan, along with $19 million of remaining second-lien delayed-draw term loan capacity, will be used to fund about $144 million in acquisitions currently under letters of intent.

The Caa2 rating on the second-lien term loan is unchanged and the increased term loan commitments do not affect FCG's other ratings, including the B3 corporate family rating, Moody’s said.

The outlook is stable.

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