13.05.2014 16:03:00
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Vantiv -- Moody's places Vantiv's ratings, including Ba2 CFR, under review for downgrade
New York, May 13, 2014 -- Moody's Investors Service ("Moody's") has placed the ratings of Vantiv, LLC, including the Ba2 corporate family ("CFR") and senior secured ratings, under review for downgrade. This action follows Vantiv's announcement of a definitive agreement to acquire Mercury Payment Systems ("Mercury") for $1.65 billion to be funded through incremental debt. The Mercury debt is expected to be repaid upon closing with all ratings to be withdrawn then.