EMC Acquisitions, LLC -- Moody's places EMC's ratings under review for upgrade after announcing a definitive agreement to be acquired by Global Eagle

New York, May 09, 2016 -- Moody's Investors Service ("Moody's") has placed the ratings of EMC Acquisitions, LLC ("EMC" or "the company") under review for upgrade in connection with today's announcement that EMC signed a definitive agreement to be acquired by Global Eagle Entertainment, Inc. ("Global Eagle"). Global Eagle will pay $550 million for EMC, and EMC's shareholders will receive $30 million in cash and 6.6 million shares of GEE stock at closing and another $25 million in 2017, which may be paid in cash or stock at GEE's election. Ratings under review include EMC's B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default rating, its B1 first lien senior secured revolver and term loan ratings, and its Caa1 second lien senior secured term loan rating.

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