Moody’s rates Transdigm’s add-on notes Ba3

Moody’s Investors Service said it rated TransDigm Inc.’s planned $400 million add-on to its senior secured notes due 2026 Ba3 and placed the rating on review for downgrade.

All other ratings, including the company’s B1 corporate family rating, as well as the Ba3 ratings for its senior secured bank credit facilities and existing senior secured notes and the B3 ratings for its senior subordinated notes, are unchanged and remain on review for downgrade, Moody’s said.

Proceeds will be used to bolster cash on-hand and backstop liquidity.

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