S&P gives B- to Jaggaer loan

S&P said it assigned a B- rating to S2P Acquisition Borrower Inc., doing business as Jaggaer. It also rated the first-lien debt B- and assigned a 3 recovery rating.

The outlook is stable.

“The stable outlook on Jaggaer reflects our expectation that favorable industry conditions coupled with the company’s new integrated product suite will enable revenue growth at the mid-single-digit percentage level and improved profitability through operating scale,” said S&P in a press release.

Cinven plans to acquire the company.

© 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.