CODI’s Debt Ratings Downgraded

Moody’s Investors Service downgraded Compass Group Diversified Holdings LLC’s Corporate Family Rating (CFR) to B1 from Ba3 for the company’s proposed refinancing of existing credit facilities.

China Hits U.S. With Food Tariffs

China raised import duties on a $3 billion list of U.S. pork, apples and other products Monday in retaliation for the Trump Administration’s tariffs on steel and aluminum.

REI To Sponsor Dirt Fest Pennsylvania

Rotating Mass Media announced REI as a sponsor of Dirt Rag Dirt Fest Pennsylvania 2018. This partnership highlights the continuing convergence of the cycling and outdoor industries.

Patagonia Blog Entry Rails Against National Monument Reductions

In a scathing blog entry on the company’s website entitled “The President Stole Your Land and You Were Lied To,” Patagonia called the president’s reductions of the Bears Ears and Grand Staircase-Escalante National Monuments “nothing more than a political favor.”

CODI Proposes Debt Offering

Compass Diversified Holdings (CODI) plans to commence an offering of $400 million of senior unsecured notes due 2026 in a private offering.

Under Armour Gets Hacked

In another blow for the brand, Under Armour admitted that that as many as 150 million MyFitnessPal user accounts were compromised in February of this year. The incident stands as one of the biggest hacks in history.