Moody’s assigns Ingram Micro notes, loan B1

Moody's Investors Service said it assigned a Ba3 rating to Ingram Micro, Inc.'s corporate family rating and a Ba3-PD probability default rating.

As part of the rating actions, Moody's assigned a B1 to the proposed senior secured term loan and senior secured notes.

Borrowings under the new senior secured debt facilities and proposed asset-based facility debt instruments, along with $2.6 billion of equity, will be used to fund the $7.2 billion purchase by Platinum Equity as well as to pay transaction fees and expenses.

The outlook is stable.

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