Moody’s Weighs in on Callaway’s Jack Wolfskin Acquisition
The ratings agency assigned a Ba3 rating and an SGL-2 speculative grade liquidity rating to ELY’s proposed $480 million senior secured term loan which will be used to finance the purchase of Jack Wolfskin. It also assigned a Ba3 corporate family rating and Ba3-PD probability of default rating to the company, with a stable outlook. Positives were ... Log in to view full article.
