TeamSystem conditionally redeems €300M senior secured notes due 2028
The redemption is at 100% of principal plus accrued interest, subject to refinancing actions being completed.
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Italian business management software and services provider
teamsystem.comLast updated
In short: TeamSystem reported record revenues of $1.15 billion and completed a $250 million AI investment plan while appointing Tommaso Cohen as the new CEO.
The redemption is at 100% of principal plus accrued interest, subject to refinancing actions being completed.
Proceeds will redeem existing notes, repay credit facility, and fund acquisitions. Preliminary ARR reached €1,022M, up 13%.
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Moodys Jan. 25, 2021, 06:30 PM Rating Action: Moody's assigns B3 CFR to Brunello Bidco S.p.A. (TeamSystem); stable outlook Vollständigen Artikel bei Moodys lesen SHARE...
TeamSystem has completed its 2027 plan - announced in 2024 - to invest 250 million in artificial intelligence, a year ahead of schedule.
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