16.09.2015 22:07:00
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HSystems Holdings, LP -- Moody's assigns B3 corporate family rating to HelpSystems
New York, September 16, 2015 -- Moody's Investors Service ("Moody's") assigned a B3 corporate family rating and a B3-PD probability of default rating to HS Group Holdings, Inc. ("HelpSystems"). Moody's also assigned a B2 rating to co-borrowers Help/Systems Holdings, Inc.'s and Help/Systems, LLC's (subsidiaries of HS Group Holdings) 1st lien credit facilities and a Caa2 rating to the 2nd lien term loan. The proceeds of the debt issuance are being used to capitalize the new entity subsequent to H.I.G. Capital's purchase of HelpSystems from Summit Partners. The rating outlook is stable.