Moody’s reviews Interxion for upgrade

Moody’s Investors Service said it placed under review for upgrade the B1 corporate family rating , the B1-PD probability of default rating and the B1 rating on the €1.2 billion senior unsecured notes due 2025 of Interxion Holding NV.

“The review follows the announcement that Digital Realty Trust, Inc. (“Digital Realty”) has agreed to acquire Interxion, for an enterprise value (“EV”) of around $8.4 billion, equivalent to a Moody’s estimated 25x EV to EBITDA multiple (excluding synergies),” said the agency in a press release.

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