Moody’s assigns B2 to Greatbatch loan

Moody's Investors Service said it assigned a B2 rating to Greatbatch Ltd.'s proposed amended term loan B.

Greatbatch is the borrowing entity for Integer Holdings Corp. (formerly Greathbatch, Inc.).

All existing ratings, including the B3 corporate family rating, B3-PD probability of default rating and Caa2 senior unsecured note ratings, are unchanged.

The outlook is stable.

Moody's will withdraw the rating on Greathbatch's existing senior secured first-lien term loan B at the close of the newly amended deal.

Proposed amendments include re-pricing at more favorable rates and a revision to the first year's amortization, the agency said.

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