Moody's has downgraded its rating of Boardriders' $450 million senior...

2018-03-09T00:00:00

Moody's has downgraded its rating of Boardriders' $450 million senior secured term loan to a highly speculative level of B3. The loan will allow the parent company of Quiksilver to finance its acquisition of Billabong International and pay down debt. Moody's praised the terms of the deal but said it ...

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