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S&P: American Seafoods, Bregal deal ‘tantamount to default’

Ratings agency downgrades American Seafoods on back of re-cap deal involving Bregal Partners

By Undercurrent News | Aug. 14, 2015 09:17 BST
Sources: Private equity Bregal eyes possible American Seafoods, Icicle tie-up
American Seafoods Group vessels in port in Seattle.
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Ratings agency Standard & Poor's has downgraded American Seafoods Group on the back of a re-capitalization deal involving private equity Bregal Partners, announced Aug. 7. [...]

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Credit: Archer Dec24/Shutterstock
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