Fri 10/08/2021 10:18 AM
AS Adventure’s term loan B jumped to 92-mid after a €5.6 million block of the debt traded as part of a €200 million BWIC last month, sources told Reorg. The loans had been bid at 88 before the auction, after having surged some 18 points during August as the Benelux-based outdoor sports clothing and equipment retailer’s outperformance attracted hedge funds eyeing its reorganized equity.
August sales came in at €45.3 million, some distance ahead of €39.6 million budgeted. Recurring EBITDA...
This article is an example of the content you may receive if you subscribe to a product of Reorg Research, Inc. or one of its affiliates (collectively, “Reorg”). The information contained herein should not be construed as legal, investment, accounting or other professional services advice on any subject. Reorg, its affiliates, officers, directors, partners and employees expressly disclaim all liability in respect to actions taken or not taken based on any or all the contents of this publication. Copyright © 2024 Reorg Research, Inc. All rights reserved.