NEW YORK (Standard&Poor's) Jan. 13, 2014--Standard&Poor's Ratings Services today said that its 'BB-' issue rating and '3' recovery rating on Melville, N.Y.-based security and business intelligence provider Verint Systems Inc.'s first-lien term loan remain unchanged following the company's announced intention to add on an additional $300 million to help pay for the planned $514 million acquisition of KANA Software. The company also intends to borrow from its revolver and use $100 million of cash to help fund the acquisition. The '3' recovery rating indicates expectations of meaningful (50%-70%) recovery of principal in the event of a payment default. The 'BB-' corporate credit rating and stable outlook also remain unchanged. The 'BB-' corporate credit rating on Verint
