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02.05.2016 23:54:00
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PTC Inc. -- Moody's assigns Ba2 CFR to PTC Inc.; outlook stable
New York, May 02, 2016 -- Moody's Investors Service ("Moody's") assigned a Ba2 Corporate Family Rating ("CFR") and Ba2-PD Probability of Default Rating ("PDR") to PTC Inc. ("PTC"). Concurrently, Moody's assigned a Ba3 rating to the company's proposed $500 million senior unsecured notes due 2024. The proceeds of the new debt financing will be used to fund the partial repayment of existing borrowings under PTC's revolving credit facility. The ratings outlook is stable.
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