Home Credit Ratings and Research S&P Global Ratings’ Credit Research Ellucian Holdings Inc

Sophia L.P. Ratings Unchanged On Repricing Of Its $998 Million Outstanding Term Loan B

Published Mar 11, 2014

911 words — Published Mar 11, 2014

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Abstract:

NEW YORK (Standard&Poor's) March 11, 2014—Standard&Poor's Ratings Services today said its ratings on Fairfax, Va.-based Sophia L.P., a provider of enterprise resource planning software to higher education institutions primarily in North America, remain unchanged following the company's repricing of its $998 million outstanding term loan B, to lower its cost. The corporate credit rating remains 'B', reflecting the company's "fair" business risk profile and "highly leveraged" financial risk profile, and the outlook is negative. The 'B+' issue-level rating and '2' recovery rating also remain unchanged. RATINGS LIST Sophia L.P. Corporate Credit Rating B/Negative/-- Senior Secured B+ Recovery Rating 2

Brief Excerpt:

RESEARCH Sophia L.P. Ratings Unchanged On Repricing Of Its $998 Million Outstanding Term Loan B Publication date: 11-Mar-2014 Primary Credit Analyst: Jacob L Schlanger, New York (1) 212-438-7238; jacob.schlanger@standardandpoors.com...

Report Type:

Ratings Action

Issuer

Ellucian Holdings Inc

Sector

Global Issuers

Country

United States

Region

United States

Format:

PDF

Summary: Sophia L.P. – 2014/05/13 – US$ 225.00

Sophia L.P. Outlook Is Revised To Stable From Negative On Increased Revenue And Reduced Debt; 'B' Rating Affirmed – 2014/11/07 – US$ 150.00

Research Update: Sophia L.P. Outlook Is Revised To Stable From Negative On Increased Revenue And Reduced Debt; 'B' Rating Affirmed – 2014/11/07 – US$ 225.00

Sophia L.P. Outlook Is Revised To Negative On Capital Structure Changes; 'B' Rating Affirmed; Debt Ratings Assigned – 2015/09/10 – US$ 150.00

Research Update: Sophia L.P. Outlook Revised To Negative On Capital Structure Changes; 'B' Rating Affirmed; Debt Ratings Assigned – 2015/09/10 – US$ 225.00

Bulletin: Sophia L.P. Rating No Longer Under Criteria Observation Following Completion Of Review – 2013/11/20 – Free

Summary: Sophia L.P. – 2013/06/27 – US$ 225.00

Summary: Sophia L.P. – 2012/12/18 – US$ 225.00

Summary: Sophia L.P. – 2012/08/24 – US$ 225.00

Sophia L.P. Assigned 'B' Rating; Outlook Stable On Combined Entity's Improved Business Position – 2012/02/23 – US$ 150.00

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MLA:	S&P Global Ratings’ Credit Research. "Sophia L.P. Ratings Unchanged On Repricing Of Its $998 Million Outstanding Term Loan B" Mar 11, 2014. Alacra Store. May 14, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Sophia-L-P-Ratings-Unchanged-On-Repricing-Of-Its-998-Million-Outstanding-Term-Loan-B-1273106>

APA:	S&P Global Ratings’ Credit Research. (). Sophia L.P. Ratings Unchanged On Repricing Of Its $998 Million Outstanding Term Loan B Mar 11, 2014. New York, NY: Alacra Store. Retrieved May 14, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Sophia-L-P-Ratings-Unchanged-On-Repricing-Of-Its-998-Million-Outstanding-Term-Loan-B-1273106>

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