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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Brief Excerpt:

...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

Company:
Issuer
Baker&Taylor Acquisitions Corp.
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MLA:
Moody's Global Credit Research. "Baker&Taylor Acquisitions Corp." Dec 16, 2014. Alacra Store. Apr 19, 2018. <http://www.alacrastore.com/moodys-credit-research/Baker-Taylor-Acquisitions-Corp-COP_807475426>
  
APA:
Moody's Global Credit Research. (). Baker&Taylor Acquisitions Corp. Dec 16, 2014. New York, NY: Alacra Store. Retrieved Apr 19, 2018 from <http://www.alacrastore.com/moodys-credit-research/Baker-Taylor-Acquisitions-Corp-COP_807475426>
  
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