New York, February 11, 2015 -- Moody's Investors Service, ("Moody's") has affirmed the ratings of TNS, Inc. ("TNS" or "the company") including its B2 corporate family rating following the company's sale of its Gateway Service business. TNS plans to use the net cash proceeds along with cash on hand to pay down $75 million of existing debt and make a $75 million distribution to shareholders. Proforma for the debt repayment, TNS will have approximately $545 million of 1st lien term loan and $170 million of 2nd lien term loan debt outstanding. Moody's has also changed the ratings outlook for TNS to stable from negative given the company's improved leverage following the debt repayment and the company's efforts to manage expenses in the past year.

Vollständigen Artikel bei Moodys lesen