S&P reviews IntraLinks

S&P said it placed its B+ corporate credit rating on IntraLinks Inc. on CreditWatch with negative implications and affirmed the BB issue-level rating on its existing senior secured first-lien credit facility.

"The CreditWatch placement follows the announcement that Synchronoss will acquire IntraLinks for $900 million, with the boards of both companies having unanimously approved the transaction," S&P credit analyst Geoffrey Wilson said in a news release.

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