Vantiv -- Moody's downgrades Vantiv's CFR to Ba3; outlook stable

New York, June 16, 2014 -- Moody's Investors Service has downgraded Vantiv, LLC's corporate family and probability of default ratings ("CFR" and "PDR", respectively) to Ba3 from Ba2 and B1-PD from Ba3-PD, respectively. In addition, Moody's changed the provisional (P)Ba3 ratings on the credit facilities, which were assigned on May 22, 2014, to definitive Ba3 ratings in connection with the closing of Vantiv's acquisition of Mercury Payments Systems ("Mercury"). The senior secured credit facilities now consist of a $425 million revolving credit facility due 2019, $2.05 billion Term Loan A due 2019, and $1.4 billion Term Loan B due 2021.

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