New York, September 12, 2016 -- Moody's Investors Service ("Moody's") affirmed ConvergeOne Holdings Corp.'s ("ConvergeOne ") B3 Corporate Family Rating ("CFR") and B3-PD Probability of Default Rating ("PDR"). Concurrently, Moody's assigned a B2 rating to the company's proposed first lien term loan and revolving credit facility and a Caa2 rating to the proposed second lien term loan. The rating action follows ConvergeOne's announcement of plans to refinance its existing debt structure and return approximately $113 million of capital to its shareholders, resulting in a moderate increase in total leverage from current levels. Moody's will withdraw the existing ratings on the company's first and second lien credit facilities upon completion of the planned financing. The outlook remains stable.

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