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Prospect News home > News index > List of issuers G > Headlines for Getco Holding Co. LLC > News item |
Moody's gives Getco notes B2
Moody's Investors Service said it assigned a B2 rating to $305 million second-lien notes of Getco Financing Escrow LLC.
Getco Financing is a special purpose vehicle that is scheduled to merge with and into KCG Holdings, Inc. on July 1, at which point KCG will assume the second lien notes.
KCG is a new holding company formed to facilitate the merger between Knight Capital Group and Getco LLC, scheduled to close on July 1.
Moody's said the B2 rating reflects the more junior position of the second-lien notes in the firm's capital structure.
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