KPS-backed Anchor Glass completes recap
Anchor Glass Container Corp. which is backed by KPS Capital Partners, has completed a recapitalization. As a result of the transaction, Anchor Glass secured a $465 million term loan with Credit Suisse Securities (USA) LLC and Barclays Bank PLC serving as lead arrangers and joint bookrunners. The proceeds of the recap were used to pay down debt, support growth and fund a $150 million dividend to stockholders. Anchor Glass is a a maker of premium glass packaging products.
2 July 2015•3 mins read
