Newly minted Performance Sports Group closes $126 mln offering
Performance Sports Group Ltd (TSX: PSG), which recently changed its name from Bauer Performance Sports Ltd, has closed its previously announced public offering of common shares, raising US$126.5 million in gross proceeds. The company, a Canadian-born manufacturer of sports equipment and apparel, will apply net proceeds to reducing leverage and repaying US$119.5 million of the term loan facility used to finance its recent acquisition of Easton-Bell Sports Inc. Performance Sports has been a portfolio investment of U.S. private equity firm Kohlberg & Co since 2008.
26 June 2014•5 mins read
