EVO Payments International, LLC -- Moody's assigns B2 CFR to EVO Payments International; outlook stable

New York, November 10, 2016 -- Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating ("CFR") and B2-PD Probability of Default Rating ("PDR") to EVO Payments International, LLC ("EVO"). Concurrently, Moody's assigned a B1 rating to the company's proposed senior secured first lien bank credit facility, comprised of a $590 million term loan and a $100 million revolver, and assigned a Caa1 rating to the company's proposed senior secured second lien term loan. The rating action follows EVO's announced plans to refinance its existing indebtedness and to bolster cash balances to fund potential acquisitions. The rating outlook is stable.

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