Northstar Realty Finance Aktie
WKN DE: A142QK / ISIN: US66704R8034
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12.01.2016 22:50:00
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NorthStar Asset Management Group -- Moody's assigns first time rating of Ba2 to NorthStar Asset Management Group; negative outlook
New York, January 12, 2016 -- Moody's Investors Service, ("Moody's") has assigned a Ba2 corporate family rating to NorthStar Asset Management Group ("NSAM") following the announcement of its entry into an agreement to acquire a majority stake in The Townsend Group ("Townsend"). Moody's has also assigned a Ba2 rating to a $500 million senior secured first lien term loan. The net proceeds will be used to finance the Townsend acquisition, refinance a short-term bridge facility and for general corporate purposes. The rating outlook is negative.
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