KPS-Backed WWRD Completes Recap
KPS Capital Partners announced Thursday that portfolio company WWRD Holdings Limited completed a two-step recapitalization. WWRD raised $167.5 million, including a $117.5 million asset-based revolving credit facility and a $50 million term loan. The proceeds were used to refinance outstanding debt, to fund a $50 million cash distribution to stockholders and to support continued growth. KPS Capital Partners is a majority shareholder in the company.
3 January 2013•3 mins read
