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Article Date: September 2020
Word Count: 157

Canada Goose Earns B1 Rating from Moody’s


The ratings agency also gave a B1 rating to GOOS’ new $300 million (C$402 mm) senior secured first lien term loan due in 2027, which will be used to pay down its existing C$155 term loan, C$50 million ABL balance, with the rest added to cash on the balance sheet. The new loan is still junior to the company’s ABL facility. Despite the upbeat initial rating, Moody’s warned that GOOS has seen a significant impact from the coronavirus pandemic, ... Log in to view full article.

 


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