We are assigning a preliminary '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 preliminary 'BB-' rating to the proposed $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. NEW YORK (Standard&Poor's) Nov. 30, 2010--Standard&Poor's Ratings Services said today it assigned a preliminary 'B+' corporate credit rating to Schaumburg, Ill.-based Flexera
