E-mail us: service@prospectnews.com Or call: 212 374 2800
Bank Loans - CLOs - Convertibles - Distressed Debt - Emerging Markets
Green Finance - High Yield - Investment Grade - Liability Management
Preferreds - Private Placements - Structured Products
 
Published on 1/15/2014 in the Prospect News Bank Loan Daily and Prospect News Distressed Debt Daily.

Moody's gives Mergermarket loans B2, Caa2

Moody's Investors Service said it assigned a B3 corporate family rating to Mergermarket Group, the holding and parent company of Mergermarket USA Inc.

Moody's also assigned a provisional B2 rating to the £150 million first-lien term loan due 2021 and $40 million revolving credit facility maturing in 2019 and a provisional Caa2 rating to the £70 million second-lien tem loan due 2022, to be issued by Mergermarket USA Inc.

The outlook is stable.

The first-lien term loan, revolver and second-lien term loan all benefit from the same security package, including guarantees from material operating subsidiaries and security over the assets of substantially all the guarantors.


© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.