Nexus Buyer LLC (d/b/a Promontory Interfinancial Network LLC) (PIN) a Washington, D.C.–based provider of deposit allocation technology-based services to U.S. banks, is issuing a $100 million first-lien revolving credit facility, a $620 million first-lien term loan, and a $230 million second-lien term loan. The company will use the proceeds to partially fund its leveraged buyout by The Blackstone Group. We are assigning a 'B-' issuer credit rating to (PIN). The outlook is stable. We are also assigning 'B' issue-level and '2' recovery ratings to the company's first-lien credit facilities. The second-lien facility is unrated. The stable outlook reflects our expectation that recent regulatory tailwinds will support net revenue growth rates in the low-teens percent range and steady adjusted EBTIDA margins.
