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Moody's to Acquire RMS for $2 Billion

August 05, 2021

San Diego, New York, and London – Paul Hastings LLP, a leading global law firm, announced today that the firm is representing Moody’s Corporation in its $2 billion agreement to acquire RMS, a leading global provider of climate and natural disaster risk modeling and analytics, from Daily Mail and General Trust plc.

Moody’s will fund the transaction through a combination of cash-on-hand and the issuance of new debt. The acquisition is expected to close in late 3Q 2021, subject to the satisfaction of customary closing conditions.

The Paul Hastings team advising Moody’s included partners Carl Sanchez and Matthew Poxon, and associates Joe Swanson, David Prowse, Sam Waite, Jason Schechter, Derek Rogers and Peter Simon on M&A; partner Danny Choi and associates Mitchell Zuckerman and Tess Peterson on Leveraged Finance; and partner Frank Lopez, of counsel James Shea, and associates Flavio Averbug and Taylor Montgomery on Securities and Capital Markets.

Additional advice was provided by partners Stephen Harris and Suzanne Horne (Employee Benefits); partner Douglas Schaaf (Tax); partner Todd Schneider and associate Orrin Neitzke (IP); and of counsel Michael Wise (Antitrust).

At Paul Hastings, our purpose is clear — to help our clients and people navigate new paths to growth. With a strong presence throughout Asia, Europe, Latin America, and the U.S., Paul Hastings is recognized as one of the world’s most innovative global law firms.

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