NEW YORK (Standard&Poor's) April 6, 2011--Standard&Poor's Ratings Services said today it assigned its 'B+' issue-level ratings to Verint Systems Inc.'s proposed up to $200 million first-lien revolver due 2016 and $580 million first-lien term loan due 2017. The proposed facility would refinance the current amount outstanding under the existing term loan, and increase the amount of the revolver availability by $125 million from the current $75 million limit, to position itself to take advantage of potential future, opportunistic acquisitions. The new ratings are the same as the 'B+' corporate credit rating on the company. We also assigned a '3' recovery rating to these facilities, indicating our expectation of meaningful (50%-70%) recovery for lenders in the event
