Moody's Investors Service has assigned provisional ratings to the $50 million whole business securitization from NuCO2.

The rating agency assigned provisional ratings of 'Baa2(sf)' to the series 2011-1 senior notes, class A-1 notes which will be co-issued by NuCO2 Funding and its direct wholly-owned subsidiary, NuCO2 Florida.

NuCO2's primary business is offering beverage grade carbon dioxide (CO2) and equipment for storage, blending and dispensing thereof, to vendors of carbonated fountain beverages such as quick service restaurants, convenience stores, theaters and event venues nationally.

The senior notes are backed by essentially all of the tangible and intangible assets making up the business of the NuCO2 on a pari-passu basis.
This deal is the third issuance from the issuer under a whole business securitization structure.

The Series 2011-1 senior notes have an anticipated repayment date in September 2016 and a legal final maturity date in September 2041.  

Subscribe Now

Access to a full range of industry content, analysis and expert commentary.

30-Day Free Trial

No credit card required. Access coverage of the securitization marketplace, including breaking news updated throughout the day.