Baker&Taylor Acquisitions Corp. - Moody's Global Credit Research

Baker&Taylor Acquisitions Corp.

Baker&Taylor Acquisitions Corp. - Moody's Global Credit Research
Baker&Taylor Acquisitions Corp.
Published Dec 16, 2014
6 pages (3505 words) — Published Dec 16, 2014
Price US$ 250.00  |  Buy this Report Now

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...Rating Drivers - Sustained revenue stabilization - a key rating driver - High leverage and weak interest coverage metrics, seasonality of free cash flow - Profitability is expected to remain relatively stable - Large scale distributor to retail and public/academic libraries - Adequate liquidity profile Corporate Profile Baker & Taylor Acquisitions Corp. ("Baker & Taylor"), headquartered in Charlotte, North Carolina, is a large-scale distributor of physical and digital books, and entertainment products to the retail and library & education markets. The company also offers a number of services, including inventory and collection management, cataloging and processing. Baker & Taylor was acquired in 2006 by affiliates of private equity firm Castle Harlan, Inc. and certain directors and management. In the LTM period ending September 26, 2014, the company generated approximately $1.5 billion in revenues. Rating Rationale Baker & Taylor's B3 corporate family rating reflects its high financial...

Report Type:

Credit Opinion

Baker&Taylor Acquisitions Corp.
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Moody's Global Credit Research—Moody's Investors Service, a leading global credit rating, research and risk analysis firm, publishes credit opinions, research, and ratings on fixed-income securities, issuers of securities and other credit obligations. Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Ratings also create efficiencies in fixed-income markets and similar obligations, such as insurance and derivatives, by providing reliable, credible, and independent assessments of credit risk. For issuers, Moody's services increase market liquidity and may reduce transaction costs.

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Moody's Global Credit Research. "Baker&Taylor Acquisitions Corp." Dec 16, 2014. Alacra Store. Apr 19, 2018. <>
Moody's Global Credit Research. (). Baker&Taylor Acquisitions Corp. Dec 16, 2014. New York, NY: Alacra Store. Retrieved Apr 19, 2018 from <>
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