New York, January 08, 2016 -- Moody's Investors Service said that last week, TNS, Inc. (TNS or the company) finalized the sale of its caller authentication business to Neustar, Inc. (Ba3 Stable) for $220 million. The all-cash transaction, announced 9 September, is credit positive but does not immediately impact the company's B2 corporate family rating (CFR). TNS has used a portion of the proceeds to repay $150 million of its existing First Lien Term Loan, due in 2020, leaving approximately $390 million outstanding. At the close of transaction we expect TNS's leverage to be around 4.2x EBITDA (incorporating Moody's standard adjustments) and will remain between 4-5x EBITDA for the next 12-18 months.

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