Jasper Merger Sub, Inc. -- Moody's assigns B2 Corporate Family Rating to acquirer of Jones Group

New York, February 14, 2014 -- Moody's Investors Service today assigned B2 Corporate Family and B2-PD Probability of Default ratings to Nine West Holdings, Inc. ("Nine West", initially Jasper Merger Sub Inc.) and assigned a Ba3 rating to the company's proposed $470 million secured term loan. The rating outlook is stable. Moody's also assigned a SGL-2 Speculative Grade Liquidity rating. The ratings assigned are subject to receipt and review of final loan documentation and closing of the acquisition of The Jones Group Inc. on substantially the current terms. Upon consummation of the transaction, Jasper Merger Sub, Inc. will be merged with and into The Jones Group, Inc. ("Jones") with Jones being the surviving entity, and will be renamed Nine West Holdings, Inc.

Vollständigen Artikel bei Moodys lesen