Ratings Agencies Signal Downgrade on VF Debt After Supreme Deal
Moody’s and S&P are placing the company’s debt on credit watch, citing the elevated leverage it will have for several years as a result of the $2.1 billion not including earnout potential acquisition of streetwear brand Supreme. VF is funding the transaction from $1.5 billion in balance sheet cash, some of that from an earlier financing due to the pandemic, and ... Log in to view full article.
