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Article Date: April 2023
Word Count: 172

Pure Fishing Downgraded Again as Leverage Soars


Moody’s cut the corporate family rating and senior secured first lien term loan rating of Pure Fishing parent SP PF Buyer LLC to Caa2 from Caa1, and maintained its negative outlook on the company. Pure Fishing’s debt ballooned with the acquisitions of Plano in Apr. 2021 and Svensen Sport in Feb. 2022, but results have deteriorated in spite of the added revenue sources. Sales declined 15% last year on weakening demand due to inflation and other macro ... Log in to view full article.

 


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