Kontoor Brands’ Outlook Stable, S&P Says
The ratings agency revised the Wrangler and Lee parent’s rating to stable from negative and affirmed its BB issuer credit rating following its June 2025 acquisition of Helly Hansen and repaying $225 million of debt in the second half. Kontoor closed the year with adjusted debt/EBITDA of 3.2x, but a full-year contribution from Helly Hansen and repaying an additional $225 million of term loan debt in 2026 should bring leverage down to about 2.3x, in line ... Log in to view full article.
