Moody's rates TransDigm loan Ba2, notes B3

Moody's Investors Service said it assigned a Ba2 rating to TransDigm, Inc.'s planned $150 million incremental first-lien term loan due 2017 and a B3 rating to its $500 million add-on subordinate notes due 2020.

All the company's existing ratings, including the B1 corporate family rating, are unaffected.

The proceeds will fund a cash dividend payment of $650 million to $850 million.

The outlook is stable.

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