Summary: BWAY Holding Co. - S&P Global Ratings’ Credit Research

Summary: BWAY Holding Co.

Summary: BWAY Holding Co. - S&P Global Ratings’ Credit Research
Summary: BWAY Holding Co.
Published Apr 25, 2013
1914 words — Published Apr 25, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Dominant shares in niche markets Strategically located facilities Favorable contracts Pro forma for the Ropak acquisition as of Dec. 31, 2012: total adjusted debt to EBITDA of about 6.5x FFO to total adjusted debt in the 9%-10% area The outlook is stable. We believe BWAY's steady profitability and ability to generate free cash flow should support a gradually improving financial profile consistent with the ratings. We could lower the ratings if operating performance deteriorates modestly from current levels and the company's ratio of funds from operations (FFO) to total adjusted debt drops below 10% on an annualized basis with no clear prospects of recovery. Such a scenario could result from continued increases in resin costs or weaker demand trends in

  
Brief Excerpt:

RESEARCH Summary: BWAY Holding Co. Publication date: 25-Apr-2013 Primary Credit Analyst: Henry Fukuchi, New York (1) 212-438-2023; henry_fukuchi@standardandpoors.com Secondary Contact: Seamus Ryan, CFA, Boston (1) 617-530-8109; seamus_ryan@standardandpo...

  
Report Type:

Summary

Ticker
BWY
Issuer
Mauser Packaging Solutions Holding Co.
GICS
Metal & Glass Containers (15103010)
Sector
Global Issuers
Country
United States
Region
United States
Format:
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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. "Summary: BWAY Holding Co." Apr 25, 2013. Alacra Store. May 04, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-BWAY-Holding-Co-1121768>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: BWAY Holding Co. Apr 25, 2013. New York, NY: Alacra Store. Retrieved May 04, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-BWAY-Holding-Co-1121768>
  
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