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Wedding Planner The Knot Grapples With Debt and Ratings Downgrade

Bloomberg Technology Wednesday 12 August 2026, 19:07 UTC By Rachel Graf and Jeannine Amodeo 1 min read
Key Points

Something Borrowed, Something Due: The Knot Grapples With Debt and Downgrade Wedding-planning website The Knot Worldwide Inc.’s credit rating was slashed deep into junk territory as it addressed upcoming debt maturities. Hours after The Knot launched a $670 million offering to amend and extend its existing $660 million leveraged loan by two and a half years, Moody’s Ratings downgraded the company by two notches to Caa1 — a level that signifies “very high” credit risk.

Something Borrowed, Something Due: The Knot Grapples With Debt and Downgrade Wedding-planning website The Knot Worldwide Inc.’s credit rating was slashed deep into junk territory as it addressed upcoming debt maturities. Hours after The Knot launched a $670 million offering to amend and extend its existing $660 million leveraged loan by two and a half years, Moody’s Ratings downgraded the company by two notches to Caa1 — a level that signifies “very high” credit risk.
The Knot Worldwide Inc.’s (ORG) Moody’s Ratings (ORG)
Originally published by Bloomberg Technology Read original →

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