Pure Fishing Parent Buys Distressed Debt
Pure Fishing’s financial sponsor, Sycamore Partners Management L.P., has acquired its entire $255 million second-lien term loan, and is in the process of buying up the company’s first-lien term loan, S&P Global reported. The second-lien repurchase was at 85% of face value, leading S&P to lower Pure Fishing’s issuer credit rating to SD “selective default” and the rating on the remaining ... Log in to view full article.
