United States-July 16, 2020, 01:00 PM
Since its acquisition by Koch Industries in April, Infor has repaid over $5 billion in debt and achieved an investment-grade rating from Moody’s and S&P
NEW YORK – JULY 16, 2020 – Infor today announced that the company now ranks among the most financially sound enterprises in technology — with an investment-grade rating, access to billions of dollars of capital and a commitment to reinvest the majority of profits.
Since its acquisition by a subsidiary of Koch Industries in April, Infor has repaid over $5 billion in debt and achieved an investment-grade rating from Moody’s and Standard & Poor's. Infor is committed to maintaining these solid investment-grade ratings and unique financial advantage.
Infor’s current financial position is its strongest since it was founded in 2002. The company plans to continue to innovate and invest aggressively in its products and services. Infor will continue to focus on its industry-specific cloud solutions for manufacturing, healthcare, distribution, retail, public sector and hospitality, with a long-term view toward providing ever greater efficiency for its customers’ business.
Infor CEO Kevin Samuelson said: “Koch has been a key Infor enterprise customer for more than a decade, and a key investor since 2017. Now, as a wholly-owned subsidiary of Koch, Infor has the benefit of scale, access to capital and the ability to make long-term decisions with implications over the next decade. For customers contemplating our software, these are commonly partnerships that last for years. So, our industry-leading financial strength and commitment to innovation make Infor a great partner for key operational software.”
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