NEW YORK--(BUSINESS WIRE)--
Fitch Ratings has placed the ratings for Alliant Techsystems, Inc.'s
ATK on Rating Watch Negative following the company's announcement that
it has agreed to acquire Bushnell Group Holdings, Inc., (Bushnell) from
the MidOcean Partners for approximately $1 billion. The transaction is
expected to close sometime in the fourth quarter of 2013 or the first
quarter of 2014, subject to regulatory approval. Fitch expects ATK to
use debt to fund the majority of the acquisition cost. A full list of
ATK's current ratings follows at the end of this release.
KEY RATING DRIVERS
Fitch estimates the increase in debt associated with the acquisition
will increase ATK's gross debt/EBITDA to above 3.0x on a pro forma
See full press release
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