Moody's gives Riddell Bell loan B1

Moody's Investors Service said it assigned a B1 rating to Riddell Bell Holdings, Inc.'s proposed $415 million senior secured credit facilities, which will fund its acquisition of Easton Sports, Inc. and refinance its existing senior secured bank debt.

The outlook is stable.

The company said it assigned a B1 rating for the company's $70 million guaranteed senior secured revolving credit facility due 2012 and a B1 rating for $335 million guaranteed senior secured term loan B due 2012 as well as a B1 to Easton Sports Canada, Inc.'s C$12 million guaranteed senior secured revolving credit facility due 2012.

Affirmed ratings include Riddell Bell's B1 corporate family rating and B3 for $140 million 8 3/8% guaranteed senior subordinated notes due 2012.

Moody's said the ratings confirmation recognizes that the Riddell and Easton combination creates a portfolio of strong proprietary brand names with stable and leading market positions in multiple product categories and increases the combined organization's-scale and purchasing power.

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