Recovery Report: Green Mountain Coffee Roasters Inc. Recovery Rating Profile Dec 10
Standard & Poors, December 2010
Abstract
Standard & Poor's Ratings Services has assigned issue-level and recovery ratings to Green Mountain Coffee Roasters' $1,450 million senior secured facilities. The company is a specialty coffee and coffee maker company. Along with a recent equity investment of $250 million from an Italian coffer roaster Luigi Lavazza, the proceeds from the issues have been used to fund the acquisition of Canadian coffer maker Van Houtte for $905 million, refinance existing debt, and pay fees and expenses. Our simulated default scenario contemplates a default in 2013 because of less than expected sales growth coupled with higher commodity costs. We believe the company would reorganize in the event of a default. The $1,450 million senior secured credit facilities consist of a five-year...
Companies mentioned in this report are: Green Mountain Coffee Roasters Inc.
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Green Mountain Coffee Roasters Inc.
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