New Golden Goose Parent Scores Stable Outlook from S&P, Moody’s
S&P Global assigned a BB- rating to GG12 SpA, the entity owned by Chinese private equity firm HSG that is acquiring control of the Italian luxury sneaker brand, while Moody’s gave the company a B2 corporate family rating. The deal is set to close this quarter, with €1.5 billion of equity consideration and €880 million in proposed new senior secured notes maturing in 2033. GG12 SpA has already begun marketing the bond ... Log in to view full article.
