Add to balance / Manage account | User: | Log out |
Prospect News home > News index > List of issuers C > Headlines for CompuCom Systems Inc. > News item |
Moody's: CompuCom loans B1, B3
Moody's Investors Service said it affirmed CompuCom Systems, Inc.'s B2 corporate family rating.
The agency assigned a B1 rating to the company's proposed $470 million first-lien credit facility and a B3 rating to its proposed $165 million second lien credit facility.
Moody's said it also revised CompuCom's outlook to stable from positive to reflect the deterioration in the company's credit profile as a result of the proposed debt-financed dividend to shareholders.
The affirmation of the corporate family rating reflects Moody's expectation that CompuCom will be able to sustain its improved EBITDA margins and generate free cash flow of about 6% to 8% of total adjusted debt.
© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere.
For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.