Recovery Report: Green Mountain Coffee Roasters Inc. Recovery Rating Profile Oct 10
Standard & Poors, October 2010
Abstract
Standard & Poor's Ratings Service's has assigned preliminary issue-level and recovery ratings to Green Mountain Coffee Roasters Inc.'s proposed $1,350 million senior secured facilities. Along with a recent equity investment of $250 million from the Italian coffee roaster Luigi Lavazza, the proceeds from the issues will be used to fund the acquisition of Canadian coffer maker Van Houtte for $890 million, refinance existing debt, and pay fees and expenses. Our simulated default scenario contemplates a default in 2012, due to much weaker than expected sales growth coupled with higher commodity costs. We believe the company would reorganize in the event of a default. The proposed $1,350 million senior secured credit facilities consist of a five-year $750 million revolver, 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.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
