Moody’s rates Great Outdoors loan B1

Moody’s Investors Service said it assigned a B1 rating to Great Outdoors Group, LLC’s (formerly Bass Pro Group, LLC’s) proposed $4.5 billion term loan due 2028. Concurrently, Moody’s affirmed its Ba3 corporate family rating and Ba3-PD probability of default rating.

Moody’s affirmed Great Outdoors’ B1 senior secured bank credit facility rating on Nov. 12.

The proceeds and $1.2 billion of balance sheet cash will be used to refinance the company’s $4.1 billion term loan due 2024, pay for its Sportsman’s Warehouse acquisition, fund a minority shareholder equity redemption and general corporate purposes.

The outlook remains stable.

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