Home Investment Products Debt / Bonds Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal – BloombergQuint

Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal – BloombergQuint

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Bain Turns to Riskiest of Junk Bonds for Fast Payout After Deal – BloombergQuint

If profitable, the transaction will enable Bain to chop the quantity of fairness within the firm to $658 million, or 22% of complete capitalization, in line with an investor presentation seen by Bloomberg. That’s down from round 35% beforehand, the supplies present. Bain mentioned in November it might purchase a majority stake in US LBM, which was later financed with round $1.9 billion of bonds and loans.

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