Moody's assigns B3 CFR to Syncsort Incorporated; outlook stable
New York, December 02, 2016-- Moody's Investors Service assigned to Syncsort Incorporated a first-time B3 Corporate Family Rating, a B3-PD Probability of Default Rating, a B2 rating to the company's $315 million of first lien credit facilities and a Caa2 rating to the $80 million of second lien credit facilities. The ratings have a stable outlook. Syncsort will use net proceeds from the credit facilities to refinance its existing debt and fund the proposed acquisition of the...
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