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Recovery Report: Inmar Inc.'s Recovery Rating Profile Jul 11 Product Image

Recovery Report: Inmar Inc.'s Recovery Rating Profile Jul 11

  • Published: July 2011
  • Standard & Poors

In conjunction with the dividend recapitalization of Winston-Salem, N.C.-based Inmar Inc., Standard & Poor's Ratings Services has assigned preliminary recovery and issue-level ratings to the company's revolver and term loan. Our simulated default scenario contemplates a default in 2014 due to a steep decline in revenue and income as customers bring functions in-house or aggressively renegotiate current contracts to control costs in a challenging economy. We believe the company would reorganize in the event of a default because of its leading market position in the complementary reverse logistics and promotions services industries. Inmar's proposed capital structure will consist of a $240 million senior secured credit facility, bifurcated between a $30 million revolving credit facility due 2016 and a $210 million...

Companies mentioned in this report are: Inmar 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 READ MORE >

Inmar Inc.

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