Moody’s gives Transcom tap B3

Moody’s Investors Service said it gave a B3 rating to Transcom Holding AB’s planned €65 million of backed senior secured notes due 2026.

Transcom's B3 corporate family rating, B3-PD probability of default rating and the B3 instrument rating on the outstanding €315 million of backed senior secured notes due 2026 remain unchanged, the agency said.

The company will use the proceeds to fully repay drawings under Transcom's super senior revolving credit facility maturing in 2026, and the rest will be kept as cash on the company's balance sheet.

The outlook is positive.

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