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Former North Face President to Boardriders CEO

Arne Arens’ appointment is effective March 1

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S&P Boosts Boardriders Credit Rating

Maintains negative outlook based on high debt load

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S&P Lowers Rating on Boardriders Debt

Recent $155M issuance seen as default by ratings agency

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Boardriders Outlines COVID-19 Actions

Work from home, closed stores, pay cuts

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