Moody's assigns Flexera B3, loans B2, Caa2

Moody's Investors Service said it assigned a B3 corporate family rating to Flexera Merger LLC.

The agency said it concurrently assigned a B2 rating to the company's proposed $255 million of senior first-lien secured credit facilities and a Caa2 rating to its $100 million second-lien secured term loan facility due 2018.

Proceeds will be used along with about $169 million of new equity from Teachers' Private Capital to finance the purchase of majority interest in Flexera from Thoma Bravo and refinance existing indebtedness.

The outlook is stable.

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