Moody's reviews Global Blue for upgrade

Moody's Investors Service said it placed the ratings of Global Blue Finance Sarl, the indirect holding company of Global Blue Acquisition BV, on review for upgrade, including Global Blue's B1 corporate family rating and the B1 senior secured instrument ratings issued at Global Blue Acquisition.

The review follows Global Blue's announcement it will be listed on the New York Stock Exchange through a merger with Far Point Acquisition Corp., a special purpose acquisition company co-sponsored by Third Point LLC.

Upon successful closing of the merger as outlined, including a refinancing that results in full repayment of all existing debt, Moody's said it expects to upgrade the ratings by up to one notch.

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