MKS Instruments, Inc. -- Moody's assigns Ba2 CFR to MKS Instruments; outlook stable

New York, April 04, 2016 -- Moody's Investors Service ("Moody's") assigned a Ba2 Corporate Family Rating ("CFR") and Ba2-PD Probability of Default Rating ("PDR") to MKS Instruments, Inc. ("MKSI"). Concurrently, Moody's assigned a Ba2 rating to the company's proposed $800 million secured term loan B and assigned a Speculative Grade Liquidity ("SGL") rating of SGL-1. The proceeds of the new debt financing will be used principally to fund the pending acquisition of Newport Corporation ("Newport"), a leading provider of photonics solutions, for approximately $980 million (including fees). The ratings assume that the Newport acquisition will be completed in a timely manner. The ratings outlook is stable.

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