New York, June 15, 2015 -- Moody's Investors Service said that Cox Enterprises, Inc.'s ("CEI") announced acquisition of DealerTrack Technologies, Inc. ("DealerTrack"--Ba3 CFR, Stable Outlook) will not impact its Baa2 long term debt rating, Prime-2 short-term debt rating or the Stable outlook. CEI today announced that it has entered into a definitive agreement to acquire DealerTrack in an all cash transaction valued at $63.25 per share or $4.6 billion (including approximately $800 million of DealerTrack's net debt to be assumed by CEI). The purchase consideration will be funded with a new $1.85 billion term loan, $2 billion of borrowings under CEI's existing revolving credit facility and $750 million of common equity in Cox's Automotive division from BDT Capital Partners. The transaction is expected to close in the third quarter of 2015.

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