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S&P's and Moody's assign credit ratings

16th Jun 2015 14:01

RNS Number : 3201Q
Optimal Payments PLC
16 June 2015
 



 

 

 

 

For immediate release

 

 

16 June 2015

 

 

 

Optimal Payments Plc

("Optimal Payments" or the "Company")

 

 

Standard & Poor's and Moody's assign Optimal Payments a "BB+" and "(P)Ba2" rating respectively with a Stable outlook

 

Optimal Payments announces that Standard & Poor's and Moody's have announced credit ratings for the Company and its proposed debt facilities.

 

Standard & Poor's have assigned a "BB" long-term credit rating to Optimal Payments and a "BB+" issue rating to the Company's senior secured term loan B, which forms part of the proposed new €500 million senior secured facility and the $85 million senior secured revolving credit facility, both to be issued by Optimal Payments on completion of the acquisition of Skrill (the "New Debt Facilities").

 

Separately, Moody's Investors Service have assigned a provisional "(P)Ba2" corporate family rating (CFR) to Optimal Payments and a "(P)Ba2" rating to the Company's New Debt Facilities.

 

Both ratings agencies separately assigned a "Stable" outlook to their respective ratings.

 

For further information contact:

 

Optimal Payments Plc

Jessica Stalley, Head of Investor Relations

+ 44 (0) 20 7182 1707 / [email protected]

 

Canaccord Genuity Limited (Nominated Adviser & Broker)

Simon Bridges / Cameron Duncan

+44 (0) 20 7523 8000

 

Media Contacts - United Kingdom:

Tavistock Communications

Simon Hudson/Andrew Dunn/Simon Fluendy

+44 (0) 20 7920 3150 / [email protected]

This information is provided by RNS
The company news service from the London Stock Exchange
 
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