Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition - S&P Global Ratings’ Credit Research

Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition

Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition - S&P Global Ratings’ Credit Research
Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition
Published May 05, 2025
Published May 05, 2025
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Abstract:

This report does not constitute a rating action. NEW YORK (S&P Global Ratings) May 5, 2025--S&P Global Ratings today said that its ratings on Weber LLC (CCC+/Watch Pos/--) remain on CreditWatch, where we placed them with positive implications on Dec. 4, 2024, following the company's announcement on May 4, 2025, that it closed its acquisition of Blackstone Products Inc. Weber has not yet provided financial information on Blackstone, which we will review prior to resolving the CreditWatch placement. We placed our ratings on U.S.-based grill manufacturer Weber LLC ratings on CreditWatch with positive implications following its announcement of the likely credit metric-enhancing merger agreement with outdoor griddle manufacturer Blackstone Products Inc. We estimate the transaction will improve the company's pro

  
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Bulletin

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Global Issuers
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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MLA:
S&P Global Ratings’ Credit Research. "Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition" May 05, 2025. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Weber-LLC-Ratings-Remain-On-CreditWatch-Positive-Following-Close-Of-Blackstone-Acquisition-3363841>
  
APA:
S&P Global Ratings’ Credit Research. (). Bulletin: Weber LLC Ratings Remain On CreditWatch Positive Following Close Of Blackstone Acquisition May 05, 2025. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-Weber-LLC-Ratings-Remain-On-CreditWatch-Positive-Following-Close-Of-Blackstone-Acquisition-3363841>
  
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