BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity - S&P Global Ratings’ Credit Research

BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity

BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity - S&P Global Ratings’ Credit Research
BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity
Published Apr 03, 2002
317 words — Published Apr 03, 2002
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

Standard&Poor's said today that the completion of the conversion of PetsMart Inc.'s (B+/Stable/--) $172.5 million convertible subordinated notes into common equity has no impact on its credit rating or outlook. The notes were scheduled to mature in November 2004. Although the conversion improves the company's capital structure somewhat, and other credit measures have also benefited from recent improvement in operating performance, PetsMart needs to demonstrate a more sustainable improvement in its operations before a change in its credit profile is considered.

  
Brief Excerpt:

RESEARCH BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity Publication date: 03-Apr-2002 Standard & Poor's said today that the completion of the conversion of PetsMart Inc.'s (B+/Stable/--) $172.5 million...

  
Report Type:

News

Ticker
PETM
Issuer
PetSmart Inc.
GICS
Specialty Stores (25504040)
Sector
Global Issuers, Structured Finance
Country
United States
Region
United States
Format:
HTML HTML
Buy Now

Summary: PetsMart Inc. – 2002/07/25 – US$ 225.00

Summary: PetsMart Inc. – 2002/11/07 – US$ 225.00

Summary: PetsMart Inc. – 2003/01/23 – US$ 225.00

Summary: PetsMart Inc. – 2002/02/19 – US$ 225.00

Summary: PetsMart Inc. – 2001/10/16 – US$ 225.00

Summary: PetsMart Inc. – 2001/08/10 – US$ 225.00

Summary: PetsMart Inc. – 2001/03/06 – US$ 225.00

PetsMart Inc. Ratings Lowered; Outlook Stable – 2001/03/02 – US$ 150.00

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity" Apr 03, 2002. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-PetsMart-Converts-172-5-Million-in-Subordinated-Notes-into-Common-Equity-238774>
  
APA:
S&P Global Ratings’ Credit Research. (). BULLETIN: PetsMart Converts $172.5 Million in Subordinated Notes into Common Equity Apr 03, 2002. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/BULLETIN-PetsMart-Converts-172-5-Million-in-Subordinated-Notes-into-Common-Equity-238774>
  
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