New York, December 19, 2013 -- Moody's Investors Service has affirmed the B3 corporate family rating (CFR) and B3-PD probability of default rating (PDR) of Securus Technologies Holdings, Inc. ("Securus" or "the company") following the company's announcement to acquire Satellite Tracking of People ("STOP"). The company plans to use a modest amount of cash on hand and the proceeds from an incremental $60 million senior secured 1st lien term loan and $25 million senior secured 2nd lien term loan-add on to finance the acquisition. The outlook is stable.
Vollständigen Artikel bei Moodys lesen