|
|
Article: JohnsonDiversey Announces Private Placement of Senior Notes.
- Article from:
- Business Wire
- Article date:
- November 10, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
STURTEVANT, Wis. -- JohnsonDiversey, Inc. ("JohnsonDiversey") today announced its intention to offer up to $400 million of senior notes through a private placement in connection with the recapitalization transactions announced by JohnsonDiversey on October 7, 2009, which will include the entry into new $1.25 billion senior secured credit facilities.
JohnsonDiversey expects to use the net proceeds from the senior notes offering, together with amounts borrowed under the new senior secured credit facilities, to provide a portion of the funds necessary to consummate the recapitalization transactions, including to fund the repurchase or redemption by JohnsonDiversey ...