Corporate and M&A

S&P downgrades VF on Supreme’s acquisition

2020-12-16T17:55:00

Standard & Poor’s has downgraded VF Corp., citing the high debt/Ebitda leverage of more than three times that will result from its planned $2.1 billion acquisition of Supreme. S&P thinks that a leverage of more than two times will persist at least until the fiscal year ending in March 2023, ...

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