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Article Date: April 2024
Word Count: 161

Vail Resorts’ New Debt Rated by Moody’s, S&P Global

The ratings agencies weighed in on Vail’s $600 million offering of 6.5% senior unsecured notes due 2032, with Moody’s giving them a Ba3 rating and S&P rating them BB. MTN intends to use the proceeds to refinance its outstanding 6.25% senior notes due 2025, and the sale is expected to close on May 8, subject to other customary closing conditions. Both agencies maintained the retailer’s outlook as stable, citing debt-to-EBITDA leverage that ... Log in to view full article.


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