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Moody's Investors Service ("Moody's") upgraded Dynatrace Intermediate, LLC's ("Dynatrace") Corporate Family Rating to B1 from B2 and Probability of Default Rating to B1-PD from B2-PD. Concurrently, Moody's assigned an SGL-1 Speculative Grade Liquidity Rating to Dynatrace, affirmed the company's senior secured first lien bank credit facilities at B1, and withdrew the Caa1 rating on its senior secured second lien term loan.
Moody's Investors Service ("Moody's") placed Broadcom Cayman Finance Ltd.'s ("Broadcom Cayman") senior unsecured ratings and Broadcom Inc.'s ("Broadcom") P-3 short term rating and Baa3 senior unsecured ratings, on review for downgrade following Broadcom's (the publicly-traded parent company of Broadcom Cayman) announcement that it has agreed to acquire Symantec Corporation's ("Symantec") Enterprise Security segment ("Enterprise") in a debt-free cash-free asset acquisition for about $10.7 billion in cash. Broadcom plans to fund the acquisition with new debt.
NOTE: On April 02, 2019, the press release was corrected as follows: The last sentence of the second paragraph was changed to the following: Offsetting the structural subordination of the new Senior Notes to the Broadcom Cayman existing Senior Notes is the guarantee structure, in which the new Senior Notes and the Broadcom Cayman existing Senior Notes benefit from cross guarantees of each others issuers and guarantors. Revised release follows. New York, March 29, 2019 -- Moody's Investors Service ("Moody's") rated Broadcom Inc.'s ("Broadcom"), parent company of Broadcom Cayman Finance Ltd. ("Broadcom Cayman", collectively "Broadcom") new Senior Unsecured Notes ("Senior Notes") at Baa3.
Moody's Investors Service ("Moody's") assigned a Prime-3 rating to the new $2 billion commercial paper program of Broadcom Inc. ("Broadcom"), parent company of Broadcom Cayman Finance Ltd. ("Broadcom Cayman", collectively "Broadcom"). Moody's also affirmed Broadcom Cayman's Baa3 senior unsecured rating.
Investing in hedge funds can bring large profits, but it’s not for everybody, since hedge funds are available only for high-net-worth individuals. They generate significant returns for investors to justify their large fees and they allocate a lot of time and employ a complex analysis to determine the best stocks to invest in. A particularly […]
Germany's Volkswagen (VOWG.DE) has struck a deal with U.S. semiconductor maker Broadcom (AVGO.O), ending a billion-dollar patent lawsuit that pitted the carmaker against its supplier, a source close to Volkswagen told Reuters on Wednesday. Volkswagen declined to comment. Broadcom did not immediately respond to a request for comment.
Moody's Investors Service ("Moody's") has downgraded CA, Inc.'s senior unsecured ratings to Baa3 from Baa2 and will withdraw all its ratings in the next few days. Moody's has downgraded CA's senior unsecured ratings as a result of the closing of the Broadcom acquisition, the lack of guarantee by Broadcom, and uncertainty as to the financial policies for CA post-closing. Moody's will withdraw the ratings over the next few days because it believes it has insufficient or otherwise inadequate information to support the maintenance of the ratings.
SAN JOSE, Calif., Nov. 5, 2018 /PRNewswire/ -- Broadcom Inc. (AVGO), a global technology leader that designs, develops and supplies semiconductor and infrastructure software solutions, today announced that it has completed its acquisition of CA Technologies (CA) ("CA"). CA's common stock will now cease to be traded on the NASDAQ and CA will operate as a wholly owned subsidiary of Broadcom.
NEW YORK, Nov. 02, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
NEW YORK , Oct. 30, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P 500, S&P MidCap 400 and S&P SmallCap 600: S&P MidCap 400 constituent Keysight Technologies Inc. ...
CA Technologies (CA) today announced updates to its mainframe solutions that are designed to accelerate modernization and integration initiatives, allowing enterprises to leverage mainframes as strategic enablers of digital transformation to drive revenue growth. “Mainframes are an integral part of any hybrid IT environment where workloads should run on platforms that provide the best advantage,” said Greg Lotko, general manager, Mainframe, CA Technologies. “Our work and relationship with CA Technologies is vital to driving digital transformation for our clients.
Both companies have a long history in the Bay Area — IBM in San Jose and Red Hat in Sunnyvale — neither is headquartered there. Here's a look at where their huge deal ranks against the other four largest software acquisitions, which all involved companies from the Bay Area.
Today, CA Technologies (CA), a leader in business automation software announced the results from its landmark research conducted by analyst firm Enterprise Management Associates (EMA), “The State of Automation”. The study reveals the global state of automation maturity across organizations, highlights the increasing adoption of automation to drive business success, and demonstrates that automation is becoming the backbone for modern business. Organizations who do not embrace modern business automation will flounder and struggle to survive.