Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers M > Headlines for MedAssets Software Intermediate Holdings Inc. > News item |
Moody’s rates nThrive loans B2, Caa2
Moody’s Investors Service said it gave MedAssets Software Intermediate Holdings, Inc.'s (nThrive Inc.) planned $1.265 billion first-lien seven-year term loan and $150 million five-year revolver B2 ratings. The agency also assigned a Caa2 rating to the company’s expected eight-year second-lien $460 million term loan.
The proceeds, $400 million in new common equity and $310 million in new preferred equity (pro forma preferred equity will total $460 million at closing), are expected to fund the $1.735 billion purchase of TransUnion Healthcare's assets from TransUnion, repay credit facilities, and pay transaction fees and expenses. The B2 rating on the existing first-lien credit facilities will be withdrawn upon repayment.
Moody’s also affirmed the B3 corporate family rating and B3-PD probability of default rating.
The outlook is stable.
© 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.