09.09.2016 15:30:00
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Seahawk Holding (Cayman) Ltd -- Moody's rates Dell Software Group B2
New York, September 09, 2016 -- Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating to first time issuer Seahawk Holding (Cayman) Limited (Dell Software Group, or DSG). Moody's also assigned B1 ratings to its 1st lien debt facilities and a Caa1 to its 2nd lien debt. The debt will be used as part of the financing for Francisco Partners' and Evergreen Coast Capital's acquisition of Dell, Inc.'s software business. The ratings outlook is stable.