Jul. 3 at 12:00 PM
$FOUR seals
$2.7B Global Blue acquisition with
$1B term loan at 2.75% over SOFR. Debt load balloons to fund growth - smart vertical integration or dangerous leverage play? Net debt/EBITDA now 13.4x with interest coverage at 1.4x. Market's patience will be tested.
https://www.sec.gov/Archives/edgar/data/1794669/000119312525155254/d36834d8k.htm