17.09.2014 12:12:00
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MA FinanceCo., LLC -- Moody's assigns B1 rating to Micro Focus; stable outlook
Frankfurt am Main, September 17, 2014 -- Moody's Investors Service, ("Moody's") has today assigned a B1 Corporate family rating (CFR) and a B1-PD probability of default rating (PDR) to Micro Focus International plc, (Micro Focus) as well as a provisional (P)B1 instrument ratings to the planned $1.85 billion term loans ($1,350 million Tranche B Term Loan and $500 million Tranche C Term Loan) with an LGD3- 49% and a (P)B1 rating to the $150 million revolving credit facility (RCF) with an LGD3-49% issued by MA FinanceCo., LLC. The outlook on all the ratings is stable.