Crocs Outlook Revised to Stable by S&P
A year after S&P Global put the clogmaker on CreditWatch Negative due to the huge amount of debt taken on to buy Heydude for $2.5 billion, the ratings agency has revised its outlook to stable. S&P affirmed its BB- issuer credit rating and rating on the company’s $2 billion senior secured term loan, and B rating on its senior unsecured notes. From the low-3x leverage at ... Log in to view full article.
