B2B Information And Services Company Infopro Digital Group Rating Affirmed At 'B'; Outlook Stable

Infopro Digital Group B.V. plans to raise an additional €150 million in fixed-rate notes via a bond tap. The notes will be fungible with its existing senior secured notes. The financing transaction is to partly fund the acquisition of DOCUGroup, a business information provider to the German, Austrian, and Swiss (DACH) construction sectors. We are affirming our 'B' rating on Infopro Digital and its proposed senior secured notes, as well as our 'BB-' rating on the existing unchanged super senior revolving credit facility. The stable outlook reflects our view that Infopro Digital will achieve sound EBITDA growth primarily from acquired earnings and maintain meaningful free operating cash flow generation, supported by the continued successful integration of acquired businesses. LONDON (S&P

...+ Infopro Digital Group B.V. plans to raise an additional 150 million in fixed-rate notes via a bond tap. The notes will be fungible with its existing senior secured notes. + The financing transaction is to partly fund the acquisition of DOCUGroup, a business information provider to the German, Austrian, and Swiss (DACH) construction sectors. + We are affirming our 'B' rating on Infopro Digital and its proposed senior secured notes, as well as our '##-' rating on the existing unchanged super senior revolving credit facility. + The stable outlook reflects our view that Infopro Digital will achieve sound EBITDA growth primarily from acquired earnings and maintain meaningful free operating cash flow generation, supported by the continued successful integration of acquired businesses. LONDON (S&P Global Ratings) Jan. 29, 2018--S&P Global Ratings today affirmed its long-term corporate credit rating on Infopro Digital at 'B'. The outlook is stable. At the same time, we affirmed our 'B' issue...

Ratings Action