Onex TSG Intermediate Corp. -- Moody's assigns B2 CFR to Onex TSG Intermediate Corp; outlook stable

New York, September 15, 2015 -- Moody's Investors Service assigned a B2 Corporate Family Rating and B2-PD Probability of Default Rating to Onex TSG Intermediate Corp., the indirect parent of The Schumacher Group ("Schumacher"). At the same time, Moody's assigned a B1 rating to Schumacher's proposed $475 million senior secured credit facilities, composed of a $75 million 1st lien revolver and a $400 million 1st lien term loan. Concurrently, Moody's also assigned a Caa1 rating to the company's $135 million 2nd lien term. The rating outlook is stable. This is the first time Moody's has assigned public ratings to Schumacher.

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