15.04.2015 19:38:00
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Neuberger Berman Group LLC -- Moody's Rates Neuberger Berman's New 144A Notes Baa3; rating outlook stable
New York, April 15, 2015 -- Moody's Investors Service (Moody's) assigned a Baa3 rating to Neuberger Berman Group LLC's new $300 million 144A senior unsecured notes due 2045. Net proceeds from the offering will be used to redeem the firm's outstanding $300 million 144A 2020 notes. Neuberger Berman Finance Corporation will be a co-issuer of these notes. All existing ratings will remain unchanged. The rating outlook is stable.