KPS-backed ECI completes recap

Electrical Components International Inc, a portfolio company of KPS Capital Partners, has closed a recapitalization. The recap was backed by a $50 million upsizing of an ECI term loan. Proceeds of the recap were used to fund a $50 million dividend to company shareholders. BofA Merrill Lynch served as lead arranger for the financing of the transaction. Based in St. Louis, Missouri, ECI is a maker of wire harnesses.

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