GSM Outdoors Scores B Rating from S&P Global
GSM Outdoors, which is being acquired by Platinum Equity, sees the rating agency issue a B credit rating to its proposed senior secured credit facility with a stable outlook. The financing, which will include a $900 million term loan B, will be used to partially fund the $1.6 billion purchase price, along with sponsor equity. S&P expects the company to focus on launching new products to improve organic growth in 2025, but foresees it as flat this year. Additionally, tuck-in acquisitions and increasing market penetration in connected camera technology should drive ... Log in to view full article.