Preview - Please log in to view full article.

Article Date: July 2025
Word Count: 133

Moody’s Upgrades Varsity Brands


The ratings agency upgraded the BSN Sports and Varsity Spirit parent’s corporate family rating and senior secured first lien term loan to B2 from B3, with a stable outlook. Moody’s expects the company’s adjusted debt-to-EBITDA to decline to below 5.5x by the end of the year from 6.2x as of Mar. Varsity should generate mid-single-digit revenue growth over ... Log in to view full article.

 


Already a subscriber?

User Name:

Password:


Not yet a subscriber?

Try SGI for a month FREE. You’ll get our daily news feed, weekly newsletter, and access to the last two months of SGI articles.

Start a new subscription to SGI, or order any of our other products.