HHI Pays Out More Than $300 Mln in Distributions to KPS and other investors
How strong are the leveraged loan markets? In the past year, KPS Capital Partners and other investors has received more than $300 million in cash distributions from portfolio company HHI Group Holdings. The latest payout came today when the PE firm announced HHI had completed a $425 million recap. The debt package included a $100 million credit facility and $325 million term loan. HHI used the proceeds to fund a $100 million cash payout to stockholders, to refinance debt and to fund its continued growth.
21 March 2011•2 mins read
