Clearlake Capital is acquiring IT operations management software provider LANDesk Software Inc. and merging it with Heat Software. The holding company is LANDesk Holdings Inc. We are assigning our 'B-' corporate credit rating to LANDesk Holdings Inc. The stable outlook reflects our projection that LANDesk will maintain its meaningful base of recurring revenue, while deleveraging to the mid-7x area and generating positive free cash flow over the next 12 months. On Jan. 4, 2017, S&P Global Ratings assigned its 'B-' corporate credit rating to South Jordan, Utah-based LANDesk Holdings Inc. The outlook remains stable. At the same time, we assigned 'B-' issue-level ratings, with recovery ratings of '3', to the company's proposed $75 million secured revolving credit facility and $800
