Moody's rates McAfee notes B2, Caa2

Moody's Investors Service said it assigned a B2 rating to McAfee Corp.'s planned senior secured notes and a Caa2 rating to the company's proposed senior unsecured notes.

The proceeds along with previously rated first-lien secured term loans, rated B2, and new equity will be used by private equity firms Permira, Advent and Crosspoint to acquire McAfee. The transaction is expected to close in the first half of 2022.

The outlook is stable.

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