07.06.2016 21:47:00

VF Holding Corp. -- Moody's assigns B3 CFR to VF Holding Corp.; rates LBO financing

New York, June 07, 2016 -- Moody's Investors Service ("Moody's") assigned a B3 Corporate Family Rating (CFR) and a B3-PD Probability of Default Rating (PDR) to VF Holding Corp. ("VF Holding", parent of Vertafore, Inc.- the prior entity rated by Moody's) following the announcement of its leveraged buyout. Concurrently, Moody's assigned B2 ratings to the company's proposed $100 million first lien revolver and $1.1 billion first lien term loan. The rating outlook is stable.

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