Kontoor Outlook Negative on Helly-Hansen Acquisition, S&P Says
S&P Global revised KTB’s outlook to negative due to the debt load it will take on to fund the HH deal, raising its S&P-adjusted leverage to above 3x, which could trigger a future downgrade. Kontoor said it plans to prioritize repayment of the $700 million in debt, aiming to get debt/EBITDA down to its long-term target ... Log in to view full article.
