Anchor Glass pays out second dividend, $148 mln, to stockholders, including KPS
KPS Capital Partners LP said May 11 that it portfolio company Anchor Glass Container Corp completed a second recapitalization that produced a $148 million cash distribution to its stockholders. The first recap, in July 2015, produced a $150 million cash distribution to Anchor Glass stockholders. Anchor Glass makes glass packaging products. Credit Suisse provided financing while Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to Anchor Glass with respect to the recapitalization.
11 May 2016•3 mins read
