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Rocket Software pulls dividend loan
 
  Hedgeweb - TUE, APR 29 2014
Funds & Investment Rocket Software Inc. pulled a $725m loan deal that it was marketing to investors to refinance debt and fund a dividend, according to a person with knowledge of the transaction.

Commitments from potential lenders were due today, said the person, who asked not to be identified without authorization to speak publicly. The deal was postponed after Moody‚??s Investors Service last week revised the Waltham, Massachusetts-based company to ‚??negative‚?Ě because of the ‚??large increase‚?Ě in debt used for the payout to its owners.

Rocket Software pulls dividend loan

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