EMC Acquisitions, LLC -- Moody's assigns B2 Corporate Family Rating to EMC

New York, May 29, 2015 -- Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating (CFR) and a B2-PD Probability of Default Rating for EMC Acquisitions, LLC ("EMC" or "the company"). Moody's also assigned a B1 (LGD3) rating to the company's $35 million senior secured revolver, a B1 (LGD3) rating to the $268 million senior secured first lien term loan and a Caa1 (LGD5) rating to the company's $92 million senior secured second lien term loan. The senior secured term loans and revolver will be issued at its subsidiary, Emerging Markets Communications, LLC. The company plans to use the borrowings to fund the acquisition of Maritime Telecommunications Network, Inc. ("MTN"), and pay related fees and expenses. The outlook is stable.

Vollständigen Artikel bei Moodys lesen