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Blue Buffalo Preliminary Ratings Affirmed, Outlook Revised To Positive, On Term Loan Downsize Aug 12 Product Image

Blue Buffalo Preliminary Ratings Affirmed, Outlook Revised To Positive, On Term Loan Downsize Aug 12

  • Published: August 2012
  • Standard & Poors

FEATURED COMPANIES

  • Blue Buffalo Company, Ltd
  • MORE

Abstract
U.S.-based pet food company Blue Buffalo Co. Ltd. is entering into a new senior secured credit facility with the intent of using term loan proceeds to fund a special shareholder dividend. We are affirming the preliminary corporate credit rating and the preliminary issue-level rating on the company's proposed $390 million senior secured credit facility (reduced from an initially proposed $470 million). We are revising the outlook to positive, reflecting our expectation that Blue Buffalo will maintain adequate liquidity while continuing to improve its operating performance and strengthening its credit measures over the near term. NEW YORK (Standard & Poor's) Aug. 2, 2012--Standard & Poor's Ratings Services today affirmed its preliminary 'B' corporate credit rating on Wilton, Conn.-based Blue Buffalo Co....

Companies mentioned in this report are: Blue Buffalo Company, Ltd
Action: Affirmed
Action: New Rating
Action: Outlook: Positive

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Blue Buffalo Company, Ltd

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