Moody’s cuts TransFirst loans

Moody's Investors Service said it lowered the rating for TransFirst, Inc.'s proposed first-lien credit facilities to B2 from B1 and affirmed all other existing ratings, including the B3 corporate family rating, B3-PD probability of default rating and the Caa2 ratings for the company's second-lien credit facilities.

The outlook is stable.

Moody’s said the downgrade reflects changes in the company's proposed financing structure in connection with its acquisition by funds affiliated with Vista Equity Partners.

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