Moody's gives Liquidnet loan B3

Moody's Investors Service said it assigned a B3 rating to the new $175 million senior secured first-lien term loan arranged by Liquidnet Holdings, Inc.

The corporate family rating was affirmed at B3.

The outlook is stable.

Proceeds will be used to refinance existing debt, finance its Vega-Chi acquisition, a fixed income trading platform, and for general corporate purposes.

Moody's said the B3 rating reflects Liquidnet's core franchise, an electronic marketplace or dark pool providing a venue for buy-side institutional investors to anonymously buy and sell large blocks of equity securities directly amongst themselves, using a variety of execution order strategies and accessing deep trading liquidity.

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