S&P assigns JDA notes BB-

Standard & Poor's said it assigned JDA Software Group Inc.'s proposed $275 million senior unsecured notes issue an issue-level rating of BB- and a recovery rating of 3.

Proceeds from the new notes will be used to fund the acquisition of i2 and retire all of i2's outstanding debt.

The BB- corporate credit rating and positive outlook on JDA remain unchanged.

© 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.