We are assigning our 'B+' corporate credit rating with a stable outlook to Flexera Software, a U.S. provider of application usage management software. We are also assigning a 'BB-' rating to the company's $15 million secured revolving credit facility and $200 million senior secured term loan. The company intends to use the senior secured credit facility to finance, in part, the repayment of existing debt, a dividend payment to current shareholders, and for general corporate purposes. The stable outlook reflects our expectation that Flexera will maintain near-term revenue growth and consistent profitability. SAN FRANCISCO (Standard&Poor's) March 3, 2011--Standard&Poor's Ratings Services said today that it assigned its 'B+' corporate credit rating to Schaumburg, Ill.-based Flexera Software Inc.
