Topps Scores Credit Upgrade
Moody’s raised the collectibles company’s corporate family rating to B1 from B2 and assigned a B1 rating to its proposed senior secured first lien credit facilities—a $50 million first lien revolver due 2026 and a $200 million first lien term loan due 2028. Topps is refinancing its existing first lien term loan due 2022 as part of the merger with Mudrick Capital Acquisition Corporation II SPAC. The ratings agency said the upgrade ... Log in to view full article.
