NPC International Inc. Placed On CreditWatch With Negative Implications On Acquisition By Olympus Partners Nov 11
- ID: 1952876
- November 2011
- Region: Global
- Standard & Poors
Private equity firm Olympus Partners is acquiring Overland Park, Kan.-based Pizza Hut franchisee NPC International Inc. for between $750 million to $800 million, according to published reports. We expect Olympus Partners to finance this transaction substantially with debt, which will likely weaken credit metrics. We are placing the NPC ratings on CreditWatch with negative implications. NEW YORK (Standard & Poor's) Nov. 15, 2011--Standard & Poor's Ratings Services said today that it placed the ratings on Pizza Hut franchisee NPC International Inc., including the 'B' long-term corporate credit rating, on CreditWatch with negative implications. The CreditWatch placement follows NPC International Inc.'s announcement that it has agreed to be acquired by private equity firm Olympus Partners. The transaction is subject to regulatory...
Companies mentioned in this report are:
- NPC International Inc. (Unsolicited Ratings)
Action: On CreditWatch:Negative
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Research type: News
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