Outerstuff Scores Upgrade from S&P Global
The ratings agency upgraded the kids’ licensed sports apparel maker’s issuer credit rating and the issue-level rating on the company’s $122.1 million senior secured term loan to B- from CCC+, with a stable outlook. Revenue grew 10% for the last 12 months, and adjusted EBITDA increased more than 35% year over year, buoyed by league licenses, including the addition of FIFA, MLS, and adult NFL rights for American Eagle and Zara in the U.S. The company also extended ... Log in to view full article.
