Moody’s affirms Hyland

Moody's Investors Service said it affirmed Hyland Software, Inc.'s B2 corporate family rating, B2-PD probability of default rating, the B1 rating on its upsized first-lien debt and the Caa1 rating on its upsized second-lien debt.

The outlook is stable.

Moody’s said the add-on borrowings along with cash on the balance sheet will be used to finance the acquisition of the OneContent assets from Allscripts Healthcare Solutions, Inc.

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