Moody’s rates PSC Industrial loans B1, Caa1

Moody's Investors Service said it assigned B2 corporate family and B2-PD probability of default ratings to PSC Industrial Outsourcing, LP.

The agency also assigned B1 ratings to the proposed $40 million first-lien revolving credit facility and $180 million first-lien term loan and a Caa1 rating to the $45 million second-lien term loan.

The outlook is stable.

Proceeds will fund about 2/3 of the purchase price of PSC by Littlejohn & Co. LLC from Lindsay Goldberg LLC, the company's current private equity sponsor.

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