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Moody's withdraws Boardriders' ratings following debt repayment

Moody's Investors Service (Moody's) withdrew all of Boardriders, Inc.'s (Boardriders) ratings including its Caa2 Corporate Family Rating (CFR), Caa2-PD Probability of Default Rating (PDR), Caa1 senior secured super priority credit facility rating and Caa3 senior secured bank credit facility rating. ...

Boardriders, Inc.: Update to credit analysis following announced acqui...

Our credit view of Boardriders reflects the pending acquisition by Authentic Brands as well as its high leverage, near-term maturities and well-recognized brands with global presence

Moody's reviews Boardriders' ratings for upgrade upon Authentic Brands...

Moody's Investors Service (Moody's) placed Boardriders, Inc.'s (Boardriders) ratings on review for upgrade following the announcement [1] that Authentic Brands Group has made a binding offer to acquire Boardriders. The Boardriders ratings on review include its Caa2 Corporate Family Rating (CFR), Caa...

Boardriders, Inc.: Update to credit analysis

Our credit view of Boardriders reflects its high leverage and near-term maturities, partially offset by well-recognized brands with global presence

Boardriders, Inc.: Update following CFR downgrade to Caa2

Our credit view of Boardriders reflecting its high leverage and approaching maturities, partially offset by its portfolio of well-known brands

Moody's downgrades Boardriders' CFR to Caa2 from Caa1

Rating Action: Moody's downgrades Boardriders' CFR to Caa2 from Caa1. Global Credit Research- 25 Mar 2022. New York, March 25, 2022-- Moody's Investors Service downgraded Boardriders, Inc.' s corporate family rating to Caa2 from Caa1, probability of default rating to Caa2-PD from Caa1-PD, and senior secured super priority credit facility rating to Caa1 from B3.

Moody's announces completion of a periodic review of ratings of Boardr...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Boardriders, Inc.. Global Credit Research- 04 Feb 2022. New York, February 04, 2022-- Moody's Investors Service has completed a periodic review of the ratings of Boardriders, Inc. and other ratings that are associated with the same analytical unit.

Boardriders, Inc.: Update to credit analysis

Our credit view of Boardriders reflecting strong brands that resonate with core board riding consumers; constrained by its weak profitability, interest coverage and negative free cash flow.

Moody's announces completion of a periodic review of ratings of Boardr...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Boardriders, Inc.. Global Credit Research- 29 Mar 2021. New York, March 29, 2021-- Moody's Investors Service has completed a periodic review of the ratings of Boardriders, Inc. and other ratings that are associated with the same analytical unit.

Boardriders, Inc.: Update following refinancing and affirmation of Caa...

Our credit view of Boardriders, reflecting its adequate liquidity following the recent refinancing transaction, along with weak operating performance and credit metrics.

Moody's assigns B3 to Boardriders' Super Priority Term Loan; affirms C...

Rating Action: Moody's assigns B3 to Boardriders' Super Priority Term Loan; affirms Caa1 CFR. Global Credit Research- 24 Sep 2020. New York, September 24, 2020-- Moody's Investors Service, today assigned a B3 rating to Boardriders, Inc.' s new $431 million Super Senior Credit Agreement.

Boardriders, Inc.: Update following outlook change to negative

Our credit view highlighting continued negative cash flow and covenant pressures due to the unprecedented impact of the coronavirus pandemic

Moody's changes Boardriders' outlook to negative; Caa1 CFR affirmed

Rating Action: Moody's changes Boardriders' outlook to negative; Caa1 CFR affirmed. Global Credit Research- 25 Jun 2020. New York, June 25, 2020-- Moody's Investors Service today changed Boardriders, Inc.' s outlook to negative from stable.

Moody's announces completion of a periodic review of ratings of Boardr...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Boardriders, Inc.. Global Credit Research- 07 May 2020. New York, May 07, 2020-- Moody's Investors Service has completed a periodic review of the ratings of Boardriders, Inc. and other ratings that are associated with the same analytical unit.

Boardriders, Inc.: Update following downgrade to Caa1

Our credit view highlighting continued negative cash flow due to spending on integration and growth initiatives offset by the improved credit metrics and Integration progress being made

Moody's downgrades Boardriders' CFR to Caa1; outlook stable

Rating Action: Moody's downgrades Boardriders' CFR to Caa1; outlook stable. Global Credit Research- 02 Mar 2020. New York, March 02, 2020-- Moody's Investors Service today downgraded Boardriders, Inc.' s ratings, including the corporate family rating to Caa1 from B3, probability of default rating to Caa1-PD from B3-PD, and secured term loan rating to Caa1 from B3.

Moody's announces completion of a periodic review of ratings of Boardr...

Announcement of Periodic Review: Moody's announces completion of a periodic review of ratings of Boardriders, Inc.. Global Credit Research- 07 Jun 2019. New York, June 07, 2019-- Moody's Investors Service has completed a periodic review of the ratings of Boardriders, Inc. and other ratings that are associated with the same analytical unit.

Boardriders, Inc.: Update to discussion of key credit factors

Our credit view of Boardriders nearly a year after the acquisition of Billabong, with integration progress being made. Execution risk still remains, however.

Boardriders, Inc.: New Issuer - Billabong acquisition brings integrati...

Boardriders is constrained by significant execution risk following proposed acquisition of Billabong while in the midst of operational turnaround efforts at both companies.

Moody's assigns B3 CFR to Boardriders, Inc., B3 to Senior Secured Term...

Moody's Investors Service, ("Moody's") today assigned a B3 Corporate Family Rating ("CFR") to Boardriders, Inc. ("Boardriders"). At the same time, Moody's assigned a B3 rating to its proposed $450 million Senior Secured Term Loan due 2024 and a B3-PD Probability of ...

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