Top SGB Updates
Varsity Brands Amends And Extends Credit Facility
Varsity Brands, the parent of BSN Sports, Varsity Spirit and Herff Jones, plans to extend the maturity on its $1.33 billion senior secured first lien term loan by two years to December 2026, according to Moody’s. Moody's assigned a B2 rating to the debt.
SGB Executive
EXEC: Columbia Sportswear Q4 Profits Fall 20 Percent As Sales Growth Moderates
Columbia Sportswear Company saw fourth quarter net sales grow 4 percent, or 8 percent on a constant-currency basis, to $1.17 billion from $1.13 billion for the comparable period in 2021. Net income decreased 20 percent to $125.7 million, or $2.02 per diluted share.
