Weight Watchers' Ratings Affirmed Following Acquisition Announcement - S&P Global Ratings’ Credit Research

Weight Watchers' Ratings Affirmed Following Acquisition Announcement

Weight Watchers' Ratings Affirmed Following Acquisition Announcement - S&P Global Ratings’ Credit Research
Weight Watchers' Ratings Affirmed Following Acquisition Announcement
Published Dec 14, 2000
819 words — Published Dec 14, 2000
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Abstract:

NEW YORK (Standard&Poor's CreditWire) Dec. 14, 2000--Standard&Poor's today affirmed its ratings on Weight Watchers International Inc. (see list of ratings below). The affirmation follows the company's announced plan to acquire certain franchised territories operated by Weighco Enterprises Inc., Weighco of Northwest Inc., and Weighco of Southwest Inc. (jointly referred to as Weighco) for $83.8 million. The outlook is positive. About $462 million of total debt was outstanding on Oct. 28, 2000. Weighco operates 750 meeting locations in the Southeastern, South central, and Northwestern U.S. The acquisition will be funded with about $50 million of debt; the balance will be funded with cash on hand. Weighco generates about $60 million in sales and the purchase price is

  
Brief Excerpt:

RESEARCH Weight Watchers' Ratings Affirmed Following Acquisition Announcement Publication date: 14-Dec-2000 NEW YORK (Standard & Poor's CreditWire) Dec. 14, 2000--Standard & Poor's today affirmed its ratings on Weight Watchers International...

  
Report Type:

Ratings Action

Ticker
Issuer
GICS
Specialized Consumer Services (25302020)
Sector
Global Issuers , Structured Finance
Country
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MLA:
S&P Global Ratings’ Credit Research. "Weight Watchers' Ratings Affirmed Following Acquisition Announcement" Dec 14, 2000. Alacra Store. May 17, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Weight-Watchers-Ratings-Affirmed-Following-Acquisition-Announcement-175896>
  
APA:
S&P Global Ratings’ Credit Research. (). Weight Watchers' Ratings Affirmed Following Acquisition Announcement Dec 14, 2000. New York, NY: Alacra Store. Retrieved May 17, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Weight-Watchers-Ratings-Affirmed-Following-Acquisition-Announcement-175896>
  
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