- U.S. software barnes n noble vendor barnes n noble Hyland Software plans to raise $575 million to refinance existing debt and pay a $268 million dividend to existing shareholders. - barnes n noble We are lowering our corporate credit rating to 'B' from 'B+'. - barnes n noble We are assigning a 'B' issue-level rating with a recovery rating of '3' to the new revolver and first-lien term loan facility and a 'CCC+' rating with a recovery rating of '6' to the new second-lien term loan. - The stable outlook reflects Hyland's predictable operating performance and aggressive leverage that we believe is unlikely barnes n noble to materially drop over the near term. NEW YORK (Standard & Poor's) Oct. 11, 2012--Standard & Poor's Ratings Services said today that it lowered its corporate barnes n noble credit rating on Westlake, Ohio-based Hyland Software Inc. to 'B' from 'B+'. The outlook is stable. barnes n noble We also assigned a 'B' issue-level rating to with a recovery rating of '3', indicating expectations of meaningful (50% to 70%) recovery of principal in the event of a payment default, to the company's proposed $320 million first-lien term loan and $20 million revolving credit facility. In addition, we are assigning a 'CCC+' issue-level rating with a recovery rating of '6', indicating expectations of negligible recovery (0% to 10%), to the company's proposed $235 million second-lien term loan. "The rating reflects our view of Hyland's limited operational scale and relatively modest competitive position, with respect to much larger competitors with significantly more resources barnes n noble in the fragmented enterprise content management (ECM) industry," said Standard & Poor's credit analyst Jacobs Schlanger. The company's predictable recurring revenue stream, stemming from high license renewal rates and favorable business segment growth, provides rating stability. Hyland's outlook is stable, reflecting its predictable operating performance and aggressive leverage barnes n noble that we think is unlikely to materially drop over the next 12 to 18 months. We could lower the rating if customer defections or losses, pricing pressure related to increased competition in the marketplace or a weak economy, result in margin erosion and debt leverage above 8x. The company's second-tier position in the ECM market and limited barnes n noble scale limit a possible barnes n noble upgrade in the next year.
ข าวล าส ด DEMCOฉายภาพอนาคตโตต อไปแบบไม หย ดย ง ช แผนขายห นซ อค นไม กระทบราคากระดานและภาพรวมธ รก จ JOHNSON & JOHNSON VISION CARE AND LIONS CLUBS ANNOUNCESVISION SCREENING PROGRAM SEES 16 MILLION CHILDREN IN 10 YEARS ROYAL HERITAGE RESORT SERVES UP A WEEK OF ROYALLY INSPIRED VEGETARIAN FARE ภาพข าว: เป ดโชว ร มและศ นย บร การใหม “เป ย” ปล ม “หมวดป อป” เห อเบบ ส ด…ส ด…
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