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Research Update: Emdeon Business Services LLC Ratings Withdrawn Due To Refinancing Jan 12
Standard & Poors, January 2012
On Jan. 5, 2012, Standard & Poor's Ratings Services withdrew its 'B+' corporate credit rating on Emdeon Business Services Inc. due to refinancing resulting from the company's sale to Blackstone Capital Partners. We also withdrew the 'BB' issue ratings and '2' recovery ratings on its $855 million first-lien term loan and $50 million revolving credit facility, along with the 'B' issue rating and '6' recovery rating on its $170 million second-lien term loan. We will rate the new debt issued as part of its refinancing under the new issuer, Emdeon Inc. Ratings Withdrawn To From Emdeon Business Services LLC Corporate Credit Rating NR/-- B+/Stable/-- Senior Secured 2nd-lien term loan NR B Recovery Rating NR 6 Senior Secured revolver & term...
Companies mentioned in this report are: Emdeon Business Services LLC
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Product Type: Research Update
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Emdeon Business Services LLC