Vantiv -- Moody's assigns (P)Ba3 ratings to new Vantiv debt; all other credit ratings remain on review for downgrade

New York, May 22, 2014 -- Moody's Investors Service ("Moody's") assigned provisional (P)Ba3 ratings to Vantiv, LLC's proposed senior credit facilities, consisting of an incremental $250 million revolver due 2019 and $669 million Term Loan A due 2019; and new $1 billion Term Loan B due 2021. All other credit ratings, including the Ba2 corporate family rating ("CFR"), Ba3-PD probability of default rating, and Ba2 credit facility ratings, remain on review for downgrade. The provisional ratings assume that the CFR and existing senior secured ratings will be downgraded to Ba3 from Ba2 upon closing of the acquisition of Mercury Payment Systems ("Mercury") for $1.65 billion. Moody's expects to conclude its review around the closing date, which Vantiv management expects to occur by the end of June 2014.

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