11.03.2015 21:17:00

Research Now Group, Inc. -- Moody's says Research Now's ratings unaffected by upsize to proposed bank facility

New York, March 11, 2015 -- Moody's Investors Service said Research Now Group, Inc.'s ("Research Now") ratings remain unchanged following the company's announcement that it is increasing the size of its proposed first-lien senior secured bank credit facility to $305 million from $290 million, and reducing the size of Court Square Capital Partners' planned equity contribution. The changes are modestly credit negative because they increase debt, but do not affect Research Now's ratings because the additional debt does not materially affect the company's leverage or cash flow.

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