16th Jun 2015 14:01
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]
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