September 24, 2018 Bass Pro Looks to Shut Down New Venture by ex-Cabela’s Employees
Highby Outdoors and NexGen Outfitters and their four principals were sued by Cabela’s in DE court for violating their non-compete agreements and stealing trade secrets from their former employer as they set up a new business that would sell outdoor equipment online. Moody’s Downgrades Academy Debt
The ratings agency now classifies its senior secured term loan for $1.6 billion to Caa1, which it defines as “poor standing” and “subject to high credit risk” from B3 which is defined as speculative and subject to high credit risk.
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