Carlyle's Philadelphia Refinery Deal Teed Up For Big Dividend
Philadelphia Energy Solutions Refining and Marketing LLC, the Carlyle Group and Sunoco Corp. joint venture running the massive 330,000-barrel-a-day refinery in Philadelphia, has proposed a $500 million senior secured term loan that sets the stage for the payment of a $200 million special dividend within 12 months of closing. The money is also earmarked for general corporate purposes.
8 March 2013•3 mins read
