Moody's: Infor, Lawson entity loan Ba3, notes Caa1

Moody's Investors Service said it assigned a B2 corporate family rating to the merged Infor Global Solutions Inc. and Lawson Software Inc. entity pending closing of the transaction.

Moody's also assigned Ba3 ratings to the senior secured revolver and term loans and Caa1 to senior unsecured notes used to finance the transaction.

The outlook is stable.

The loans will be used along with an additional $550 million of new equity being contributed by private equity owners, Golden Gate Capital and Summit Partners, rolled over Lawson senior unsecured notes due 2019 and amended and extended Infor Global Solutions Holdings Ltd. PIK unsecured notes to finance the transaction.

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