Dubai-based flexible packaging film producer Taghleef Industries HoldCo Ltd. is issuing a new $325 million equivalent term loan B and setting up an $80 million revolving credit facility. It aims to reorganize its capital structure and repay existing debt. We view Taghleef Industries' business risk profile as fair and its financial risk profile as aggressive. We are assigning our preliminary 'B+' long-term rating to the Taghleef Industries'. The outlook is stable. This reflects our view that Taghleef Industries will maintain a degree of headroom in credit metrics, which will alleviate pressure arising from its significant capital expenditure program and any potential volatility in operating performance. On April 21, 2016, Standard&Poor's Ratings Services assigned its preliminary 'B+' long-term corporate
