Corporate and M&A

New super loan leads S&P to upgrade Boardriders’ credit rating

2020-09-25T16:59:00

Shortly after downgrading Boardriders’ credit rating, Standard & Poor’s upgraded it slightly from SD to CCC as the parent company of Quiksilver, Billabong, Roxy and other action sports brands completed a new transaction with its lenders. It notably obtained a “super senior term loan” that provides it with much-needed liquidity ...

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