September 25, 2020
Retail and rental revenue dropped 69% to $10,538,000 in the seasonally small final quarter ended Jul. 31 from $34,407,000 last year, as the summer season at MTN’s North American resorts got off to a slow start due to travel restrictions in Canada, which was closed to international visitors, but was gradually improving through July.
Standard & Poor’s raised its issuer-credit rating for Academy parent New Academy Holding Co. LLC to B- from CCC+ citing lower refinancing risks as the retailer prepares for its public offering.
CLAR is selling 900,000 shares of its common stock for $12.75 per share to three of its largest investors, Brown Advisory, Greenhouse Funds and TT Investimentos, raising $11.5 million for working capital and general corporate purposes.