New York, April 20, 2016 -- Moody's Investors Service ("Moody's") has placed the ratings of Lexmark International, Inc. ("Lexmark") on review for downgrade following the announcement that a consortium of investors led by Apex Technology Co., Ltd. (Apex) and PAG Asia Capital (PAG) has reached a definitive agreement to acquire Lexmark for $40.50 per share in an all-cash transaction with an enterprise value of approximately $3.6 billion, net of cash. Legend Capital Management Co., Ltd. (Legend Capital) is also a member of the consortium. To the extent the company redeems all its rated debt at closing, Lexmark's ratings will be withdrawn. The company expects the acquisition to close in the second half of 2016, following customary regulatory reviews. The acquisition announcement marks the conclusion of the strategic review Lexmark initiated in October 2015.

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