CWGS Group, LLC -- Moody's assigns CWGS Group B2 CFR; outlook stable

New York, October 31, 2013 -- Moody's Investors Service (Moody's) assigned CWGS Group, LLC (CWGS) a B2 corporate family rating (CFR) and a B2-PD probability of default rating (PDR). The proposed $525 million first lien term B loan and $20 million revolving credit facility were also assigned B2 ratings. The use of proceeds is to refinance the existing $326 millionGood Sam Entertainment senior notes, $37 million of FreedomRoads debt, the $80 million series A convertible notes and pay the accrued interest on the Series B convertible, breakage costs on the senior note, and fees and expense for the transaction. The outlook is stable.

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