S&P Downgrades Next Level Apparel Again
The ratings agency lowered its issuer credit rating and issue-level ratings for Next Level parent, YS Garments, first-line debt to D from CCC- after the company amended its credit agreement to extend the maturities of its debt facilities. YS extended until Aug. 2027 its $203 million outstanding first-lien term loan, set to mature in Aug. 2026, and its $41.2 million revolving credit facility, which was ... Log in to view full article.
