HCA To Pay $2 Billion Dividend to PE Backers Including Bain, KKR
I'm trying to keep the dividend stories to a minimum but today's is too hard to resist. HCA Inc., which is owned by KKR and Bain Capital, is planning to pay a $2 billion dividend to its PE backers. Nashville-based HCA, a hospital operator, said Tuesday in its earnings release that it plans to make a $2 billion distribution in fourth quarter to the company's existing shareholders and holders of vested stock options. HCA said in a separate statement that it plans to sell $1.525 billion in notes, and use borrowings, to pay the dividend.
9 November 2010•1 min read
