| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers N > Headlines for NCO Group, Inc. > News item |
Moody's: NCO loans Ba3, B3
Moody's Investors Service said it placed the Caa1 corporate family and probability of default ratings of NCO Group, Inc. under review for upgrade.
Concurrently, Moody's assigned a Ba3 rating to a proposed $795 million first-lien credit facility and a B3 rating to a proposed $200 million second-lien term loan.
All ratings on NCO's existing debt instruments were affirmed.
Proceeds from the new term loans, along with cash on the balance sheet and up to $30 million to be drawn on the new revolver, will be used to refinance the existing debt in NCO's capital structure.
At the same time, Moody's said NCO plans to merge with APAC Customer Services, Inc., also a portfolio company of One Equity Partners.
Upon consummation of the merger, NCO Group will be renamed Expert Global Solutions, Inc.
© 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.