Moody's affirms Teleflex's Ba2 CFR on news of Vascular Solutions acquisition; outlook stable
New York, December 02, 2016-- Moody's Investors Service affirmed Teleflex Incorporated's ratings, including its Ba2 Corporate Family Rating, following its announced plan to acquire Vascular Solutions, a manufacturer of low-technology oriented coronary vascular products. Teleflex intends to fund the purchase price of about $1 billion entirely with debt. Moody's also affirmed the Ba3 senior unsecured note and the B1 convertible senior subordinated note ratings as well as...
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