Moody’s gives Sanmina facility Ba1

Moody's Investors Service said it assigned a Ba1 instrument rating to Sanmina Corp.'s senior secured first-lien credit facility.

All other ratings are unchanged.

Proceeds from the $375 million term loan were used to refinance the senior secured notes that came due in June 2019.

The agency said the instrument rating is in line with Sanmina's Ba1 corporate family rating, which reflects its good market position and financial profile including very good liquidity and adjusted leverage below 3x.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.