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Prospect News home > News index > List of issuers D > Headlines for DG FastChannel, Inc. > News item |
Moody's gives DG, loan B1
Moody's Investors Service said it assigned a B1 corporate family rating and a B2 probability of default rating to DG FastChannel, Inc.
Moody's said it also assigned B1 (LGD3, 33%) ratings to the company's proposed $150 million first-lien revolver due 2016 and the $490 million first-lien term loan due 2018.
The new debt issuances will partially fund the $517 million, $414 million net of cash, acquisition of MediaMind Technologies Inc., the agency added.
The outlook is stable.
The company's B1 corporate family rating reflects its moderate debt-to-EBITDA ratios of about 3.6x pro forma for the MediaMind acquisition, the agency said.
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