- Language: English
- Published: June 2012
Research Update: Vangent Inc. Ratings Withdrawn After General Dynamics Corp. Acquires Company Oct 11
- ID: 1928194
- October 2011
- Standard & Poors
On Oct. 3, 2011, Standard & Poor's Ratings Services withdrew its corporate credit rating and issue-level and recovery ratings on Vangent Inc. following General Dynamics Corp.'s announcement that it had completed its acquisition of Vangent. The outstanding balance on under Vangent's $240 million term loan B due 2013 and $190 million senior subordinated notes due 2015 were repaid as part of the transaction, and its $50 million revolver was also terminated. We withdrew all ratings at the company's request. Ratings Withdrawn To From Vangent Inc. Corporate Credit Rating NR/-- B+/Stable/-- Senior Secured NR BB Recovery Rating NR 1 Subordinated NR B- Recovery Rating NR 6...
Companies mentioned in this report are:
- Vangent Inc.
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Product Type: Research Update
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- Vangent Inc.