Moody's continues review of Neustar following LBO announcement
New York, December 20, 2016-- Moody's Investors Service, said that Neustar, Inc's ratings will remain on review for downgrade following its announcement that Golden Gate Capital has agreed to purchase Neustar for $2.9 billion in cash. Golden Gate plans to raise $1.75 billion in new debt to finance the transaction, which may increase Neustar's leverage by over 2 x, based on Moody's estimate of Neustar's 2019 EBITDA. The company will generate a significant amount of cash as the NPAC...
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