DTI Holdco Inc. Assigned 'B' Corporate Credit Rating; Senior Secured Facilities Assigned 'B' Rating (Recovery: '3')

OVERVIEW DTI Holdco Inc., a legal process outsourcing service provider, is acquiring competitor Epiq Systems Inc. for approximately $1 billion. The company's pro forma adjusted leverage at transaction close amounts to approximately 6.3x debt to EBITDA. We are assigning a 'B' corporate credit rating to DTI Holdco. The stable outlook reflects our expectation for continued operating stability as the company integrates Epiq Systems Inc. and prioritizes deleveraging through operating expense reduction and debt paydown. NEW YORK (S&P Global Ratings) Sept. 8, 2016--S&P Global Ratings said today that it assigned its 'B' corporate credit rating to Atlanta-based DTI Holdco Inc. The outlook is stable. We also assigned our 'B' issue-level rating and '3' recovery rating to the company's senior secured credit

...OVERVIEW + DTI Holdco Inc., a legal process outsourcing service provider, is acquiring competitor Epiq Systems Inc. for approximately $1 billion. + The company's pro forma adjusted leverage at transaction close amounts to approximately 6.3x debt to EBITDA. + We are assigning a 'B' corporate credit rating to DTI Holdco. + The stable outlook reflects our expectation for continued operating stability as the company integrates Epiq Systems Inc. and prioritizes deleveraging through operating expense reduction and debt paydown. NEW YORK (S&P Global Ratings) Sept. 8, 2016--S&P Global Ratings said today that it assigned its 'B' corporate credit rating to Atlanta-based DTI Holdco Inc. The outlook is stable. We also assigned our 'B' issue-level rating and '3' recovery rating to the company's senior secured credit facilities, which consist of a $100 million revolving credit facility expiring in 2021 and $1.195 billion term loan B maturing in 2023. The '3' recovery rating indicates our expectation...

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