Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research

Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3')

Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3') - S&P Global Ratings’ Credit Research
Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3')
Published Jul 22, 2025
4 pages (1571 words) — Published Jul 22, 2025
Price US$ 150.00  |  Buy this Report Now

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Abstract:

SAN FRANCISCO (S&P Global Ratings) July 21, 2025--S&P Global Ratings today assigned its 'B+' issue-level rating and '3' recovery rating to Alterra Mountain Co.?s proposed $1,584 million term loan B due in 2028. On July 15, 2025, we assigned ratings to Alterra?s planned $716 million term loan B due 2030 (please see media release here). Subsequently on July 18, 2025, Alterra repriced and upsized this term loan B due 2030 from $716 million to $1.1 billion. The company used the incremental upsized proceeds to partially repay $384 million of its term loan B due 2028 and add $25 million to its balance sheet to be used for general corporate purposes. The company will use proceeds from this most recently proposed

  
Brief Excerpt:

...(Editor's Note: The original version of this article omitted our recovery waterfall. A corrected version follows.)...

  
Report Type:

Ratings Action

Issuer
Alterra Mountain Co.
GICS
Leisure Facilities (25301030)
Sector
Global Issuers
Country
United States
Region
United States
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3')" Jul 22, 2025. Alacra Store. Nov 07, 2026. <http://www.alacrastore.com/s-and-p-credit-research/Alterra-Mountain-Co-s-Term-Loan-B-Due-2028-Rated-B-Recovery-Rating-3-3410291>
  
APA:
S&P Global Ratings’ Credit Research. (). Alterra Mountain Co.'s Term Loan B Due 2028 Rated 'B+' (Recovery Rating: '3') Jul 22, 2025. New York, NY: Alacra Store. Retrieved Nov 07, 2026 from <http://www.alacrastore.com/s-and-p-credit-research/Alterra-Mountain-Co-s-Term-Loan-B-Due-2028-Rated-B-Recovery-Rating-3-3410291>
  
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