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Moody's rates Worldpay notes Ba3
Moody's Investors Service said it assigned a Ba3 rating to Worldpay 's (Boost Newco Borrower, LLC) planned dollar and pound sterling senior secured notes.
All other ratings are unaffected, including Worldpay's Ba3 corporate family rating and Ba3 senior secured bank credit facilities rating.
The proceeds, senior secured credit facilities and new cash equity will be used by GTCR to acquire a 55% stake in Worldpay from Fidelity National Information Services, Inc. (FIS). FIS will retain a non-controlling 45% ownership in Worldpay.
The outlook is stable.
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