Moody’s: TeamViewer loans B1 & Caa1

Moody's Investors Service said it assigned a provisional B2 corporate family rating to TigerLuxOne Sarl (TeamViewer).

Concurrently, the agency assigned a provisional B1 rating to the $310 million first-lien term loan due 2021 and $35 million revolving credit facility due 2019 and a provisional Caa1 rating to the $125 million second-lien term loan due 2022 raised by Regit Eins GmbH and New Co Delaware LLC.

In addition, Moody's assigned a provisional B1 rating to the €100 million first-lien term loan due 2021 raised by Regit Eins GmbH.

The outlooks are stable.

Together with the contribution in the form of common equity and preferred equity certificates from the sponsor Permira, the term loan proceeds will be used to fund the share purchase from existing shareholder GFI Software GmbH and transaction costs. The revolver will be used for working capital needs and general corporate purposes.

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