NPC International Inc. Placed On CreditWatch With Negative Implications On Acquisition By Olympus Partners Nov 11

  • ID: 1952876
  • November 2011
  • Region: Global
  • Standard & Poors
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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

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

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- NPC International Inc. (Unsolicited Ratings)

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