New York, March 04, 2016 -- WWC Holding Corp.'s (SSI Opinionology/Newco LLC; "SSI") B2 Corporate Family Rating (CFR), B2-PD Probability of Default Ratings, debt instrument ratings and stable rating outlook remain unchanged following the company's announcement that it plans to upsize its first-lien term loan by $30 million, utilizing the accordion shared by its first- and second-lien bank facilities. SSI is applying the proceeds from the incremental facility, along with $4 million of cash to replace a bridge financing obtained for the acquisition of Instantly, Inc. ("Instantly"), which closed in January 2016, and to pay related fees and expenses. Moody's views the synergistic Instantly acquisition as credit positive despite the increase in debt as it expands the company's current service offering and strengthens its North American market share, particularly in the B2B arena. In addition, Moody's expects the incremental earnings and projected cost synergies over the next 12 to 18 months will largely offset the increase in debt and cash interest expense. The anticipated increase in free cash flow from the transaction will also strengthen the company's liquidity.

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