In our base-case forecast, we believe that PMHC II Inc. will experience modest EBITDA growth, driven by the shift to higher-margin specialty products; however, metrics will remain highly leveraged. Based on its track record, the company will continue to expand product, geographic and end market diversity through incremental debt funded acquisitions. We expect the company to focus on organic and acquisition growth, and thus do not expect significant debt reduction over the next one to two years The positive outlook on PMHC II Inc. reflects S&P Global Ratings' expectation that the company''s increased exposure to higher-margin specialty chemicals products, coupled with robust steel and construction markets and a somewhat recovering oil and gas market (compared to a few years ago),
