GLENVIEW, Ill.--(BUSINESS WIRE)--Optimas OE Solutions Holdings, LLC (“Optimas” or the “Company”) announced today that on April 24, 2018, Moody's Investors Service ("Moody's") upgraded Optimas OE Solutions Holding, LLC's ("Optimas") Corporate Family Rating to B3 from Caa1 and its Probability of Default Rating to B3-PD from Caa1-PD. Moody's also upgraded Optimas' senior secured notes to Caa1 from Caa2; the outlook remains stable. “We are pleased to have Moody’s acknowledge our progress with the transformation of Optimas with this ratings upgrade,” stated Anesa Chaibi, Chief Executive Officer, Optimas.
Optimas OE Solutions Holdings, LLC (“Optimas”)
Optimas is a leading, global provider of integrated supply chain solutions and engineering support focused on delivering highly engineered custom fasteners and other “C” Class components, such as fittings, clamps, bearings, and rivets, to our global customer base of large, industrial companies as well as small- and medium-sized companies. Optimas specializes in the delivery of highly engineered fastener hardware and components across multiple industries and continents.
This release contains forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements regarding prospective financial information that is based on assumptions and estimates that are inherently uncertain. Such assumptions and estimates may not be realized and are subject to significant business, economic and competitive risks and uncertainties, including those described in the offering memorandum for our senior secured notes, all of which are difficult to predict and many of which are beyond our control. These and other risks and uncertainties may cause our estimated financial information to materially adversely differ from our actual results. Accordingly, no assurance can be made that we will achieve the results set forth in our estimated financial information, and investors should not place undue reliance on our estimated financial information. Neither the Company’s independent auditors, nor any other independent accountants, have compiled, examined or performed any procedures with respect to the prospective financial information contained herein.
