- Language: English
- 1091 Pages
- Published: October 2012
- Region: Global
Summary: Awesome Acquisition Co. L.P. May 11
- Published: May 2011
- Standard & Poors
The ratings on Coppell, Texas-based Awesome Acquisition Co. reflect Standard & Poor's Ratings Services' expectation that although franchised earnings will likely be relatively flat due to the intense industry competition, the company will continue to use free cash flow to reduce debt and that leverage will improve to the low-4x area in the near term. We may consider an upgrade if the company can sustain leverage in the 4x area. We view Awesome's financial risk profile as aggressive following its acquisition by ONCAP Management Partners in 2007. Since then, the company has used cash flows to reduce debt and leverage has improved to 4.7x as of Dec. 26, 2010, from slightly over 5.2x in the prior year. EBITDA interest coverage...
Companies mentioned in this report are: Awesome Acquisition Co. L.P.
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Awesome Acquisition Co. L.P.