Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated - S&P Global Ratings’ Credit Research

Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated

Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated - S&P Global Ratings’ Credit Research
Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated
Published Sep 24, 2019
7 pages (3073 words) — Published Sep 24, 2019
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

Ares Corporate Opportunities LP has acquired casual dining restaurant and wine club operator Cooper's Hawk Intermediate Holding LLC. The transaction will be partially funded with $225 million of debt. On Sept. 24, 2019, S&P Global Ratings assigned its 'B-' issuer credit rating to Cooper's Hawk and a 'B-' issue-level rating and '3' recovery rating to its proposed senior secured credit facilities, which include a $35 million revolver and a $225 million term loan. The stable outlook reflects our view that the company's expanding restaurant base will drive top line growth, with scale efficiencies leading to improving credit metrics over the next 12-24 months. Cooper's Hawk has demonstrated an effective business model in its core market with an impressive track record

  
Brief Excerpt:

...- Ares Corporate Opportunities LP has acquired casual dining restaurant and wine club operator Cooper's Hawk Intermediate Holding LLC. The transaction will be partially funded with $225 million of debt. - On Sept. 24, 2019, S&P Global Ratings assigned its 'B-' issuer credit rating to Cooper's Hawk and a 'B-' issue-level rating and '3' recovery rating to its proposed senior secured credit facilities, which include a $35 million revolver and a $225 million term loan. - The stable outlook reflects our view that the company's expanding restaurant base will drive top line growth, with scale efficiencies leading to improving credit metrics over the next 12-24 months....

  
Report Type:

Research Update

Issuer
Cooper's Hawk Intermediate Holding, LLC
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. "Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated" Sep 24, 2019. Alacra Store. May 25, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cooper-s-Hawk-Assigned-B-Issuer-Credit-Rating-On-Acquisition-By-Ares-Management-Outlook-Stable-Debt-Also-Rated-2313284>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Cooper's Hawk Assigned 'B-' Issuer Credit Rating On Acquisition By Ares Management, Outlook Stable; Debt Also Rated Sep 24, 2019. New York, NY: Alacra Store. Retrieved May 25, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Cooper-s-Hawk-Assigned-B-Issuer-Credit-Rating-On-Acquisition-By-Ares-Management-Outlook-Stable-Debt-Also-Rated-2313284>
  
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