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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.
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.