Pure Fishing Rating Affirmed by S&P after Plano Deal
The ratings agency said that its CCC+ rating on Pure Fishing’s first-lien term loan was unchanged, following its acquisition of Plano Synergy Holdings and immediate sale of Plano’s hunting and archery brands. While details of the transaction were not disclosed, S&P said the company issued about $205 million of first-lien term loans and $50 million of second-lien term loans to fund the deal. The divestiture of the archery brands brought in about $75 ... Log in to view full article.