...December 10, 2020 - Cloudera Inc., a U.S.-based software provider for big data and analytics, will issue a $500 million first-lien term loan maturing in 2027. Proceeds will be used for general corporate purposes, including the funding of share repurchases. - We are assigning our '##-' issuer credit rating to Cloudera. - We are also assigning our '##-' issue-level and '3' recovery ratings to the company's first-lien debt. - The stable outlook reflects our expectation Cloudera will generate organic revenue growth in the high-single-digit percentages, with modest EBITDA margin expansion from improved operating efficiency that will reduce leverage to the mid-3x area by the end of fiscal 2021. NEW YORK (S&P Global Ratings) Dec. 10, 2020--S&P Global Ratings today took the rating actions listed above. The '##-' rating reflects Cloudera's initial adjusted leverage in the low-4x area at close and its relatively small scale. It has a niche focus on data management and analytics solutions across a...
