The parent company of BSN Sports and Varsity Spirit plans to extend the maturity on its $1,331.4 million senior secured first lien term loan by two years to Dec. 2026, according to Moody’s which assigned a B2 rating to the debt. In addition, Varsity Brands is extending its asset based revolver and increasing the borrowing capacity from $180 million to $350 million. The ratings agency expects the changes will add about $20 million a year ... Log in to view full article.