S&P: Vertafore unaffected

Standard & Poor's said Vertafore Inc.'s plan to seek an amendment to its first-lien senior secured credit agreement does not affect the B+ issue-level and 2 recovery ratings on the first-lien senior secured debt.

Vertafore plans to, among other things, reduce the pricing on its first-lien revolver and term loan B, adjust the springing financial maintenance covenant schedule and extend the maturity of the revolver and term loan B.

The B corporate credit rating and stable outlook on Vertafore are unchanged.

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