Moody’s rates ADS Tactical B2, loan B3

Moody's Investors Service said it assigned a B2 corporate family rating and B2-PD probability of default rating to ADS Tactical, Inc.

Concurrently, the agency assigned a B3 rating to the company's proposed $330 million senior secured term loan B.

The outlook is stable.

Proceeds will be used to refinance existing debt and pay transaction-related fees and expenses. The company's new debt structure will include the new term loan and an amended and extended $200 million asset-based revolving credit facility (unrated).

Moody’s said the proposed transaction is expected to reduce interest expense, extend debt maturities and improve the company's liquidity profile.

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