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TIBCO Software Inc.: Covenant Quality Post-Sale Snapshot: $4,000m 6.50...

TIBCO Software Inc.'s covenant package provides weakest-level protection, reflecting a CQ score of 4.71.

TIBCO Software Inc.: Update after ratings affirmation

Large operating scale and diverse product portfolio, but execution risk will be elevated during the integration of Citrix and financial profile will be weak over the next 12 to 18 months.

Moody's affirms TIBCO's B3 CFR; outlook stable

Moody's Investors Service ("Moody's") affirmed TIBCO Software Inc.'s ("TIBCO") B3 Corporate Family Rating ("CFR") and assigned B2 ratings to TIBCO's proposed senior 1st lien credit facilities and notes, and a Caa2 rating to the proposed 2nd lien debt. The ratings outlook is stable. TIBCO will use ne...

Moody's announces completion of a periodic review of ratings of TIBCO ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TIBCO Software Inc.. Global Credit Research- 06 Dec 2021. New York, December 06, 2021-- Moody's Investors Service has completed a periodic review of the ratings of TIBCO Software Inc. and other ratings that are associated with the same analytical unit.

TIBCO Software Inc.: Update after ratings affirmation

Good scale, recurring revenues and strong profitability but financial leverage will be elevated over the next 12 to 18 months

Moody's announces completion of a periodic review of ratings of TIBCO ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TIBCO Software Inc.. Global Credit Research- 01 Feb 2021. New York, February 01, 2021-- Moody's Investors Service has completed a periodic review of the ratings of TIBCO Software Inc. and other ratings that are associated with the same analytical unit.

TIBCO Software Inc.: Update after ratings affirmation

Very high leverage and mature on-premise software market result in a weak credit profile. Growing subscription revenues, good operating scale and cost reductions mitigate risks.

Moody's affirms TIBCO's B3 CFR; outlook stable

Rating Action: Moody's affirms TIBCO's B3 CFR; outlook stable. Global Credit Research- 23 Oct 2020. Approximately $3.2 billion of rated debt affected.

TIBCO Software Inc.: Updated analysis after ratings affirmation

Shift to subscription will pressure cash generation over the next 12 to 24 months. Very high leverage expected to persist but TIBCO benefits from good scale and recurring revenues.

Moody's affirms TIBCO's B3 CFR; downgrades 1st lien credit facility an...

Rating Action: Moody's affirms TIBCO's B3 CFR; downgrades 1st lien credit facility and rates 2nd lien loan Caa2; outlook stable. Global Credit Research- 07 Feb 2020. Approximately $3 billion of rated debt affected.

TIBCO Software Inc.: Update after ratings affirmation

Elevated financial risk profile and mature growth prospects, but good operating scale, growing recurring revenues and expectations for deleveraging support credit profile.

Moody's affirms TIBCO Software's B3 CFR; outlook stable

Rating Action: Moody's affirms TIBCO Software's B3 CFR; outlook stable. Global Credit Research- 31 May 2019. Approximately $2.8 billion of rated debt affected.

Moody's announces completion of a periodic review of ratings of TIBCO ...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of TIBCO Software Inc.. Global Credit Research- 05 Apr 2019. New York, April 05, 2019-- Moody's Investors Service has completed a periodic review of the ratings of TIBCO Software Inc. and other ratings that are associated with the same analytical unit.

TIBCO Software Inc.: Updated Credit Analysis

Revenues have turned around but leverage expected to remain elevated and high interest expense limits free cash generation.

Please Change Name Joshi
  • Please Change Name Joshi

TIBCO Software Inc. : TIBCO's proposed term loan repricing and improve...

CORPORATES ISSUER COMMENT 11 January 2017 Contacts Raj Joshi 212-553-2883 VP-Senior Analyst [email protected] Lenny J. Ajzenman 212-553-7735 Associate Managing Director [email protected] TIBCO Software Inc. TIBCO’s proposed term loan repricing and improved operating trends are credit positive; ratings not affected On January 9, 2017, TIBCO Software Inc. (TIBCO) announced that it is seek

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