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News Breaks
December 12, 2012
13:54 EDTDNBFitch sees event risk of LBO of Dun & Bradstreet as near-term credit overhang
Fitch Ratings stated: "Dun & Bradstreet (DNB) has not made any announcements regarding any strategic changes to the company's capital structure or ownership. However, news organizations have recently reported that D&B is no longer pursuing a sale of the company [after] media reports issued in July/August indicated the company was exploring a sale. Fitch believes the event risk of a leveraged buyout of D&B, solicited or unsolicited, will be an overhang on the credit for the near term." Fitch said it believes that a Private Equity sponsor would have to contribute at least $1B in equity to complete an LBO transaction. While this would constitute a substantial investment, PE firms have sufficient capital to make such a sizable contribution, Fitch said. Fitch believes initial unadjusted gross leverage would be high at 7x. New debt of $4B would be sizable and credit markets continue to be volatile, which would likely be one of the largest challenges in completing an LBO, Fitch said.
News For DNB From The Last 14 Days
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August 28, 2015
09:57 EDTDNBDun & Bradstreet management to meet with JPMorgan
Meetings to be held in Chicago on September 2 and in Milwaukee on September 3 hosted by JPMorgan.

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