The BSN Sports parent is expanding its first-lien term loan facility by $400 million and will kick in another $60 million from its ABL to finance the acquisition of an as-yet-undisclosed soccer team dealer and retailer. It’s the first add-on for BSN since it ramped down its post-pandemic team dealer buying spree in 2022. S&P Global affirmed its B issuer credit rating and term loan facility rating, while Moody’s affirmed Varsity’s B2 corporate family rating and loan rating. Both agencies assigned a stable outlook. The deal will expand ... Log in to view full article.