Boulder Brands' proposed amendment to its senior secured credit facilities is credit positive as it will improve company's liquidity, Moody's says; ratings unchanged
July 16, 2014
– Moody's Investors Service ("Moody's") said today that Boulder Brands, Inc's ("Boulder Brands") proposed amendment to its senior secured credit facilities is credit positive as it will improve the company's liquidity. The company's ratings, including its B1 Corporate Family Rating, are unchanged. For more information, please see Moody's Issuer Comment on Moodys.com.
The principal methodology used in this rating was the Global Packaged Goods published in June 2013. Other methodologies used include Loss Given Default for Speculative-Grade Non-Financial Companies in the U.S., Canada and EMEA published in June 2009. Please see the Credit Policy page on www.moodys.com for a copy of these methodologies.
Boulder Brands is a consumer foods company that markets and manufactures a wide array of consumer food products for sale in the U.S., Canada and the United Kingdom, primarily for the "health conscious" market. The company generated revenue of $478 million for the twelve months ended March 31, 2014.