Moody’s rates Parexel facilities B1, notes Caa1

Moody's Investors Service said it assigned a B2 corporate family rating and B2-PD probability of default rating to Parexel International Corp.

The agency also assigned a B1 to the proposed senior secured credit facilities and a Caa1 rating to the proposed unsecured notes offering.

The outlook is stable.

Proceeds, along with about $2.7 billion of common equity, will be used to finance the acquisition of Parexel by Pamplona Capital Management, LLP.

© 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.