Research Update: Pinnacle Holdco (Paradigm) Assigned 'B' Corporate Credit Rating; Outlook Stable; First-, Second-Lien Debt Also Rated Aug 12
- Language: English
- Published: August 2012
Apax Partners and JMI Equity have acquired Paradigm Ltd. through a combination of equity and senior secured debt. We are assigning our 'B' corporate credit rating to Luxembourg-based Pinnacle Holdco S.a.r.l., parent of the Paradigm group of companies, and a provider of software solutions to the global exploration and production industry. We are assigning issue-level ratings to the company's first-lien credit facilities and second-lien term loan. The stable outlook reflects the company's stable and growing revenue base and good cash flow generation NEW YORK (Standard & Poor's) Aug. 7, 2012--Standard & Poor's Ratings Services said today that it assigned its 'B' corporate credit rating to Luxembourg-based Pinnacle Holdco S.a.r.l. The outlook is stable. We also assigned a 'B+' issue-level rating...
Companies mentioned in this report are: Pinnacle Holdco S.a.r.l.,Pinnacle (US) Acquisition Co Ltd
Action: New Rating
Action: Outlook: Stable
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Research type: News
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Pinnacle Holdco S.a.r.l.,Pinnacle (US) Acquisition Co Ltd