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Moody's Investors Service said that Verifone Systems, Inc.'s B2 Corporate Family Rating and the B2 ratings for the 1st lien credit facilities are not affected by the company's plans to upsize the incremental 1st lien term loan offering by $200 million, to $425 million. The ratings outlook is stable. This publication does not announce a credit rating action.
Moody's Investors Service ("Moody's") affirmed Verifone Systems, Inc.'s (Verifone) B2 Corporate Family Rating (CFR) and the Caa1 rating for its 2nd lien credit facilities, and downgraded the ratings for the 1st lien credit facilities to B2, from B1. The outlook is stable.
The September jobs report will be the top economic event of the week while markets will also remain focused on the two biggest stories of last week, this week — Kavanaugh's confirmation and Musk's SEC settlement.
Australia Post is deploying a sleek and advanced multilane payment solution, the Verifone M400 with Verifone Connect, at their 3600 locations.
NEW YORK , Aug. 14, 2018 /PRNewswire/ -- S&P Dow Jones Indices will make the following changes to the S&P MidCap 400: Eldorado Resorts Inc. (NASD: ERI) will replace VeriFone Systems Inc. (NYSE: PAY) in ...
Moody's Investors Service ("Moody's") assigned to Verifone Systems, Inc. (Verifone) a B2 Corporate Family Rating (CFR), B2-PD Probability of Default Rating, and B1 and Caa1 ratings to the company's proposed first lien and second lien credit facilities, respectively. The ratings have a stable outlook. The proceeds from the new credit facilities will be used to consummate the acquisition of Verifone by a consortium led by Francisco Partners for approximately $3.4 billion, including net debt.
Verifone (PAY), a world leader in payments and commerce solutions, and Bluefin, the leading global payment security platform supporting gateways, processors and ISVs, announced a partnership to provide Bluefin’s PCI-validated Point-to-Point Encryption (P2PE) security solution to merchants using either Verifone’s POINT or Retail Transaction Switch (RTS) solutions. Through this partnership, merchants can reduce not only the cost and effort they incur when trying to comply with PCI PA DSS requirements, but also mitigate the risk associated with face-to-face payments. The Verifone Validated P2PE solution, which can now be viewed on the PCI P2PE Solution website, is an incremental offering within Verifone’s industry-leading payment security product line. This Validated P2PE solution is designed to meet the needs of merchants of all sizes and offers multiple configurations and processing options.
Verifone (PAY) (“Verifone” or “the Company”), a world leader in payments and commerce solutions, today announced that Paul Galant has decided to step down as Chief Executive Officer, effective at the close of the previously announced transaction with Francisco Partners. At the transaction close, which is expected to occur during the third calendar quarter of 2018, Michael Pulli, formerly CEO of Pace plc until its acquisition by ARRIS Group, Inc. (ARRS), will succeed Mr. Galant as Verifone’s Chief Executive Officer.
Gains were broad based as six out of nine sectors finished the trading session in green. WallStEquities.com has initiated research reports on the following Consumer Goods stocks: Pitney Bowes Inc. (NYSE: PBI), Steelcase Inc. (NYSE: SCS), VeriFone Systems Inc. (NYSE: PAY), and Church & Dwight Co. Inc. (NYSE: CHD).
In this article I am going to calculate the intrinsic value of VeriFone Systems Inc (NYSE:PAY) by taking the foreast future cash flows of the company and discounting them backRead More...