S&P: Extensity still on watch

Standard & Poor's said its ratings on Extensity Sarl (B/Watch negative) will remain on CreditWatch, where they were placed with negative implications on April 28, following the announcement of a combined $3.825 billion financing with Infor Global Solutions Holdings Ltd. to finance the combination of Infor and Extensity, including the previously announced acquisitions of Systems Union Group plc and SSA Global Technologies Inc.

A portion of the proceeds from the proposed financing is expected to be used to refinance Extensity's existing debt, the agency noted.

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