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Moody's: IMS loan Ba3, notes B3
Moody's Investors Service said it assigned a Ba3 rating to IMS Health, Inc.'s proposed senior secured term loan B and a B3 to its proposed senior unsecured notes.
Moody's also affirmed the B1 corporate family and probability of default ratings, the existing Ba3 senior secured bank credit facility and the B3 senior unsecured debt ratings.
The outlook is stable.
The proceeds of the new debt will be used to pay a one-time dividend of about $1.19 billion to shareholders and related transaction expenses.
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