The value of Jack Wolfskin's outstanding loans dropped in value by between 9 and 13 percent on Europe's secondary markets in the last month because of the company's poor financial performance, compounded by the effect of unseasonably good weather conditions that affected sales during the month of October. Data collected by Thomson Reuters, which tracks trading in Europe's secondary debt markets, shows that Jack Wolfskin's euro term loan B dropped around 9 points in a month and was quoted at 90.1 on Dec. 8 compared with 99 on Nov. 7. Its second lien dropped 13 points to 84.3 on Dec. 8 from 97.3 on Nov. 7. Reuters reported that Blackstone, the private equity firm that acquired Jack Wolfskin in 2011, held meetings with lenders at the beginning of December to discuss the company's performance. The German outdoor brand reported a sales decline of 7.9 percent in 2013. Blackstone acquired the brand for €700 million, including €485 million in debt.