TransFirst, Inc. -- Moody's lowers TransFirst's first lien rating to B2 due to changes in financing structure; outlook stable

New York, November 03, 2014 -- Moody's Investors Service lowered the rating for TransFirst, Inc. ("TransFirst")'s proposed first lien credit facilities to B2, from B1, and affirmed all other existing ratings, including the B3 Corporate Family Rating (CFR), B3-PD Probability of Default Rating, and the Caa2 ratings for the company's second lien credit facilities. The downgrade of TransFirst's first lien debt rating reflects changes in the company's proposed financing structure in connection with its acquisition by funds affiliated with Vista Equity Partners. The ratings have a stable outlook.

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