Announcement: Moody's says Informatica's B2 CFR and negative outlook unaffected by the incremental term loan issuance
Global Credit Research - 08 Jul 2020
New York, July 08, 2020 -- Moody's Investors Service said that Informatica LLC's existing ratings, including its B2 Corporate Family Rating and the B1 and Caa1 ratings for its 1st lien and 2nd lien credit facilities, and negative ratings outlook are unaffected by the company's plans to raise $50 million of incremental 2nd lien term loans. The company is expected to use net proceeds to refinance outstanding revolver borrowings and augment its liquidity.
For more information please see Moody's issuer comment on www.moodys.com
Please see www.moodys.com for any updates on changes to the lead rating analyst and to the Moody's legal entity that has issued the rating.
This publication does not announce a credit rating action. For any credit ratings referenced in this publication, please see the ratings tab on the issuer/entity page on www.moodys.com for the most updated credit rating action information and rating history.
Raj Joshi VP - Senior Credit Officer Corporate Finance Group Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Lenny J. Ajzenman Associate Managing Director Corporate Finance Group JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653 Releasing Office: Moody's Investors Service, Inc. 250 Greenwich Street New York, NY 10007 U.S.A. JOURNALISTS: 1 212 553 0376 Client Service: 1 212 553 1653
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