Moody's upgrades GlobalLogic's CFR to B2 from B3 and rates new debt
Approximately $350 million of debt rated. New York, November 29, 2016-- Moody's Investors Service upgraded GlobalLogic's Holdings, Inc.' s corporate family rating to B2, affirmed the B2-PD probability of default rating and assigned a B1 rating to its proposed senior secured credit facilities. Proceeds from the proposed $300 million senior secured term loan B will be used to i) repay the existing $25 million senior secured revolver balance of about $5 million, ii) refinance the...
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