11.08.2015 18:10:00

Infor, Inc. -- Moody's downgrades Infor to B3; rates new secured notes B1

New York, August 11, 2015 -- Moody's Investors Service, ("Moody's") downgraded Infor, Inc.'s corporate family rating to B3 from B2 and rated Infor (US) Inc.'s proposed senior secured note offering B1. The downgrade is driven by the increase in debt being used to fund the acquisition of GT Nexus. Moody's also downgraded the Infor (US) Inc.'s existing senior secured debt to B1 from Ba3 and downgraded its senior unsecured notes to Caa1 from B3 and Infor Software Parent Inc.'s PIK notes to Caa2 from Caa1. The ratings outlook is stable.

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