Business-To-Business Information And Services Company Infopro Digital Group B.V. Rated 'B'; Outlook Stable

France-based Infopro Digital Group B.V., the holding company of Infopro Digital S.A.S., has refinanced its €440 million term loan B and €30 million drawn revolving credit facility (RCF) with €500 million of new senior secured term notes. The transaction follows the group's acquisition of Insight in April 2017, which was mainly funded by an €80 million increase of its term loan B to €440 million and a €55 million equity increase from shareholders. We are assigning our 'B' ratings to Infopro Digital and its senior secured notes, and our 'BB-' rating to the super senior RCF. The stable outlook reflects our view that Infopro Digital will achieve sound EBITDA growth and comfortable free operating cash flow generation, supported by organic

...+ France-based Infopro Digital Group B.V., the holding company of Infopro Digital S.A.S., has refinanced its 440 million term loan B and 30 million drawn revolving credit facility (RCF) with 500 million of new senior secured term notes. + The transaction follows the group's acquisition of Insight in April 2017, which was mainly funded by an 80 million increase of its term loan B to 440 million and a 55 million equity increase from shareholders. + We are assigning our 'B' ratings to Infopro Digital and its senior secured notes, and our '##-' rating to the super senior RCF. + The stable outlook reflects our view that Infopro Digital will achieve sound EBITDA growth and comfortable free operating cash flow generation, supported by organic growth, ongoing integration among acquired businesses, and high renewal rates. PARIS (S&P Global Ratings) Sept. 5, 2017--S&P Global Ratings today assigned its 'B' long-term corporate credit rating to France-based Infopro Digital Group B.V. The outlook is...

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