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You are here: Home / Archives for debt

debt

How is SnapAV Doing? Moody’s Gives Us a Glimpse

January 28, 2021 by Ted Leave a Comment

SnapAV logo

Moody’s Investors Service is one of the world’s largest credit rating services that offers ratings used by many investors who target debt investing, such as buying corporate bonds or equity investors. Moody’s rating can literally impact – positively or negatively – the interest or coupon rate companies offer their debt at – and therefore can be critical. Recently, Moody’s published a credit rating decision on Wirepath LLC – the company behind SnapAV.

How did Moody’s rate SnapAV? Read on…

See Moody’s opinion on how SnapAV is doing…

[Read more…] about How is SnapAV Doing? Moody’s Gives Us a Glimpse

Filed Under: Brands, Financial, Management, Manufacturers, News, Research, Strategy Tagged With: debt, Moody's Investor Service, SnapAV

SnapAV Slammed with Credit Downgrade by Moody’s

July 18, 2019 by Ted Leave a Comment

SnapAV logo

Credit rating agency Moody’s Investors Service has downgraded the credit rating of Wirepath LLC (corporate name of SnapAV) from B2 to B3 in the wake of their announced acquisition of Control4. The primary reason for the downgrade is due to the fact that SnapAV will be forced to increase their debt by an additional $390 million to a new high of $683 million in order to close on this acquisition.

See more on SnapAV’s credit downgrade…

[Read more…] about SnapAV Slammed with Credit Downgrade by Moody’s

Filed Under: Brands, Distributors, Financial, Integrators, Manufacturers, News, Retailers, Strategy Tagged With: acquisition, Control4, credit, credit rating, debt, SnapAV

Gibson Makes Coupon Payment; CFO is Out

February 8, 2018 by Ted Leave a Comment

Debt Holders Increasingly Anticipate Bankruptcy Filing

Logo for Gibson BrandsGibson Brands announced at the end of last week that it had successfully completed a $16.6 million coupon payment to holders of its $375 million 8.875% senior secured notes due 2018. This news, a seemingly positive development for the company, really only means that they get to march forward towards their mid-year debt maturities – the big event. But, for the moment at least, they are stayin’ alive.

However, Gibson’s CFO has left the company… [Read more…] about Gibson Makes Coupon Payment; CFO is Out

Filed Under: Brands, Financial, Manufacturers, News Tagged With: Chelsea Frankel, debt, financing, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, Reorg Research

Gibson Cuts Debt Deal to Delay Payment Date

December 13, 2017 by Ted Leave a Comment

Logo for Gibson BrandsGibson Brands has reached a deal with GSO Capital Partners, one of its existing lenders, in order to push back a loan payment by approximately two weeks to December 15th. The reason for the move was to try and time the payment such that it arrived later in the holiday season for better timing relative to their anticipated cash flow.

See more on this new, if temporary, debt deal… [Read more…] about Gibson Cuts Debt Deal to Delay Payment Date

Filed Under: Brands, Financial, Management, News, Pivot Point, Strategy Tagged With: Blackstone Group, debt, Gibson, Gibson Brands, Gibson Guitar, GSO Capital, Henry Juszkiewicz

Is Gibson Brands Headed for a Default?

August 24, 2017 by Ted 3 Comments

Moody’s Hits Gibson Brands with Another Credit Downgrade

Logo for Gibson BrandsMoody’s Investors Service, one of the largest credit rating services in the world, has downgraded the credit rating for Gibson Brands, the Nashville-based parent of Gibson Guitar, Onkyo, Teac, KRK, Philips, Stanton and more. Moody’s has set their rating on Gibson Brands debt to Caa3, down one step from Caa2.

The move caused Wall Street investment analyst The Street to raise the specter of the possibility of Gibson Brands defaulting on their debt.

See why Moody’s says the Gibson Brands situation is unsustainable… [Read more…] about Is Gibson Brands Headed for a Default?

Filed Under: Brands, Financial, Management, News Tagged With: credit rating, debt, Gibson, Gibson Brands, Gibson Guitar, Henry Juszkiewicz, KRK, Moody's, Moody's Investors Services, Onkyo, Philips, Stanton, Teac

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Ted Green Bio

A former dealer, manufacturer, distributor & more. Focusing on business strategy, my goal is to help you make better decisions for greater success.

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