Presidio, Inc. (new) -- Moody's assigns B2 CFR to Presidio Holdings on Apollo acquisition; outlook stable

New York, January 08, 2015 -- Moody's Investors Service ("Moody's) assigned a B2 corporate family rating ("CFR") and a B2-PD probability of default rating to Presidio Holdings Inc. ("Presidio"), a new holding company being created to consummate the $1.3 billion acquisition of the company by affiliates of Apollo Management LLC. As part of the rating action, Moody's assigned a B1 rating to proposed senior secured credit facilities to be issued at Presidio, Inc. (New) and a Caa1 rating to the proposed senior unsecured notes to be issued at Presidio Holdings, Inc. The outlook is stable.

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