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Moody's assigns CACI facility Ba2
Moody's Investors Service said it assigned a Ba2 corporate family rating to CACI, Inc.
Concurrently, the agency assigned Ba2 ratings to CACI's planned secured bank credit facility and an SGL-3 speculative grade liquidity rating.
The outlook is stable.
Proceeds from the planned facility will refinance the company's existing bank debt and fund the pending $820 million acquisition of Six3 Systems.
Moody's said the Six3 acquisition will enhance CACI's presence across the U.S. intelligence community where funding levels are expected to be relatively more resilient in coming years than they will be in the company's historically core market - work supporting intelligence/surveillance/reconnaissance systems and military readiness, largely to the U.S. Army.
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