Moody’s rates Tibco loan B2

Moody’s Investors Service said it assigned a B2 to Tibco Software Inc.’s $110 million new non-fungible incremental first-lien term loan.

“The ratings action was prompted by Tibco’s plans to issue $310 million of incremental first-lien term loans to finance the acquisition of Information Builders, Inc. (IBI) for $525 million in cash and fund transaction expenses,” Moody’s said in a press release.

The agency also affirmed Tibco’s B3 corporate family rating and the B2 and Caa2 ratings for its first-lien and second-lien credit facilities.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.