Amer Sports’ Ratings Raised by S&P
Debt repayment following this month’s completed stock offering prompted S&P Global to upgrade its rating on the company’s $800 million senior secured notes maturing in 2031 to BBB- from BB, deeming its outlook to be stable. AS’ $1.1 billion in total proceeds from the stock sale went to the repayment of its $434 million and €700 million term loan Bs due 2031. S&P expects this to translate to adjusted debt-to-EBITDA leverage of about 1.8X ... Log in to view full article.
