Moody's assigns ION Trading notes B3

Moody's Investors Services said it assigned a B3 rating to the planned guaranteed senior secured notes to be sold by ION Trading Technologies Sarl.

The proceeds will be used to fund the acquisition of DASH Financial Technologies LLC, pay transaction fees and expenses and to finance general corporate purposes.

Concurrently, Moody's affirmed ION Trading Technologies Ltd.’s B3 corporate family rating and B3-PD probability of default rating. Furthermore, Moody's affirmed ION Trading Technologies Sarl's B3 rating on the €1.75 billion guaranteed senior secured first-lien term loan due 2028, the B3 rating on the $1.65 billion guaranteed senior secured first-lien term loan due 2028 and the B3 rating on the €30 million guaranteed senior secured revolver due 2026.

The outlook on both companies is stable.

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