TowerBrook's Wilton Holdings exchanges $514 mln in debt, draws upgrade
Wilton Holdings, backed by TowerBrook Capital Partners and GTCR, completed a $514 million exchange of holding company payment-in-kind (PIK) notes into preferred equity, earning the craft supply company an upgrade from Standard & Poor’s Rating Service. But the company faces challenges down the road with its projected debt load of $1.3 billion, S&P noted.
9 September 2015•2 mins read
