New York, May 11, 2016 -- Moody's Investors Service assigned a Ba3 rating to Teleflex Inc.'s new $400 million senior unsecured note offering and a P(Ba3) to its senior unsecured shelf registration. Proceeds from this offering will be used to refinance revolver borrowings that were used to repay about $219 million of convertible notes. Teleflex's existing ratings, including its Ba2 Corporate Family Rating, its B1 senior subordinated note rating, and its SGL-2 Speculative Grade Liquidity rating are unchanged. The rating outlook is stable.
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