PGX Holdings, Inc. -- Moody's withdraws PGX Holdings' ratings

New York, April 16, 2014 -- Moody's Investors Service withdrew the ratings for PGX Holdings, Inc.'s ("Progrexion"), including its B3 Corporate Family Rating (CFR), B3-PD probability of default rating, and the B2 and Caa2 ratings for the company's proposed first and second-lien credit facilities, respectively. The ratings have been withdrawn because Progrexion has canceled plans to raise the proposed credit facilities as a result of the company completing a different financing transaction. Progrexion will have no rated debt outstanding. Please refer to Moody's Ratings Withdrawal Policy on moodys.com.

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