Moody’s rates TransDigm notes B3

Moody’s Investors Service said it assigned a B3 rating to TransDigm Inc.’s proposed $2.65 billion of senior subordinated notes.

Proceeds will be used for general corporate purposes, which may include acquisitions, distributions to shareholders and refinancing notes due 2022.

The agency affirmed all its TransDigm ratings, including the company’s B1 corporate family rating and B1-PD probability of default rating, as well as the Ba3 senior secured and B3 senior subordinated debt ratings.

Moody’s also affirmed the B3 rating on TransDigm Holdings UK plc’s senior subordinated notes.

The outlook is stable.

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