Moody’s assigns PGT CFR, loans B2

Moody's Investors Service said it assigned PGT, Inc. a B2 corporate family rating, B3-PD probability of default rating and B2 ratings to the company's proposed $200 million senior secured term loan and $35 million senior secured revolving credit facility.

Concurrently, the agency assigned a speculative-grade liquidity rating of SGL-2 to PGT.

The outlook is stable.

Proceeds from the senior secured credit facility are used to execute the acquisition of CGI, a manufacturer of impact-resistant windows and doors in the Florida's southeast markets and refinance existing debt.

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