Moody’s gives Capstone loans B2, Caa2

Moody's Investors Service said it assigned Capstone Logistics Acquisition, Inc. a B3 corporate family rating, B2 first-lien senior secured rating and Caa2 second-lien senior secured rating.

The outlook is stable.

The ratings were assigned in connection with the arrangement of new credit facilities, comprising a $182.5 million term loan and a $30 million revolving credit facility, both secured by a first lien on all of the company's assets and a $65 million credit facility secured by a second lien on all assets.

The company will distribute the proceeds of the term loans to its private equity fund owner, Jordan Co. LP, which recently acquired Capstone in an all-cash transaction.

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