| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers D > Headlines for Digital River Inc. > News item |
Moody’s rates Digital River loans B1, Caa1
Moody's Investors Service said it assigned corporate family and probability of default ratings of B2 and B2-PD, respectively, to Digital River, Inc.
The agency also assigned B1 ratings to the $10 million revolver and $255 million first-lien term loan and a Caa1 rating to the $80 million second-lien term loan.
The outlook is stable.
Proceeds from the financing, along with company cash and a sponsor equity contribution, will be used by an affiliate of Siris Capital Group, LLC to acquire Digital River in a transaction valued at about $842 million.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.