Fitch: DigiCert unchanged by repricing

Fitch Ratings said that DigiCert Holdings, Inc.'s ratings are unchanged following the announcement to reprice its first-lien term loan.

As part of the repricing, the existing first-lien term loan will be upsized by $100 million, and the existing second-lien term loan will be downsized by the same amount.

The transaction will result in first-lien term loan capitalization of $1.45 billion, and second-lien term loan capitalization of $400 million.

The issuer default ratings of BB- for DigiCert Parent, Inc. and DigiCert Holdings, Inc. are unchanged.

The outlook is stable.

“DigiCert's ratings are supported by the resilience and the predictability of its revenue structure because of the continuing demand for trusted communications over the internet,” Fitch said in a news release.

“With the previous Symantec's WSS unit being integrated into DigiCert's platform, DigiCert is poised to solidify a strong market position in the segment, which is a niche market segment.”

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