RP Crown Parent, LLC -- Moody's assigns Caa1 to RP Crown's new notes

New York, September 19, 2016 -- Moody's Investors Service ("Moody's") assigned a Caa1 rating to RP Crown Parent, LLC's ("RP Crown") proposed $400 million of senior notes. The net proceeds from the new notes along with the net proceeds from $1.325 billion of new credit facilities and $580 million of new equity from funds managed by the Blackstone Group and the existing financial sponsor New Mountain Capital will be used to refinance existing debt. RP Crown's B2 Corporate Family Rating (CFR) and the B1 rating for its $1.325 billion of first lien credit facilities are unchanged. The ratings have a stable outlook. RP Crown is the parent company of JDA Software Group, Inc. (JDA).

Vollständigen Artikel bei Moodys lesen