Moody’s rates Transcom notes B3

Moody's Investors Service said it assigned a B3 rating to the planned €300 million of backed senior secured floating-rate notes due in 2026 to be issued by Transcom Holding AB.

Concurrently, Moody's affirmed Transcom’s B3 corporate family rating and the B3-PD probability of default rating.

The proceeds will be used to refinance the company's indebtedness, for general corporate purposes, pay transaction fees and expenses. The B3 rating on the €180 million of backed senior secured floating rate due in 2023 will be withdrawn upon repayment.

The outlook remains stable.

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