Burlington Coat Upsizes Dividend, HY Deal

Sheahan, Matthew
February 2011
High Yield Report;2/21/2011, Vol. 22 Issue 8, p14
The article reports that in February 2011, the Burlington Coat Factory Warehouse increased its dividend payments to Bain Capital, its private equity owner, from 250 million dollars to 300 million dollars, and increased the value of its junk bond offering, from 400 million dollars to 450 million dollars.


Related Articles

  • Private Equity Breaks More Records. Reeve, Nick // AiCIO News;10/24/2016, p1 

    This article presents information on records broke by the private equity sector, including the highest aggregate payout to investors, the record high unused capital and the intention of institutional investors to increase their allocation to private equity, according to intelligence firm Preqin.

  • Dave & Buster's Prices Discounted Notes. Sheahan, Matthew // High Yield Report;2/21/2011, Vol. 22 Issue 8, p17 

    The article reports that in February 2011, Dave & Buster's offered 181 million dollars in add-on discounted senior notes to pay for a 100 million dollar dividend to Oak Hill capital Partners, its private equity owner, or to reacquire part of its common stock.

  • Dividend Deals Gain in Popularity in Loan Market.  // Bank Loan Report;6/2/2003, Vol. 18 Issue 22, p1 

    Reports that dividend deals in the U.S. is a refinancing twist that is enjoying a surge in popularity. Historically low interest rates; Possibility of companies to give something back to their private equity investors; Percentage of dividend refinancings and stock repurchases as part of the...

  • Latest Sign of Hot Market: PIK Toggles. Bisbey, Allison // High Yield Report;10/22/2012, p23 

    The article looks at the latest payment-in-kind (PIK) notes that are being used by companies already owned by private equity firms to finance dividend payments. The first wave of PIK toggle notes were issued in 2005 and 2006 and became a common feature of the credit boom that give issuers the...

  • PE guys cash out while they can. ELSTEIN, AARON // Crain's New York Business;10/29/2012, Vol. 28 Issue 44, p0004 

    The article presents information on the move of private equity (PE) companies in New York in the wake of the upcoming tax increases and slow initial public offering (IPO) market. It states that companies have borrowed about 62 billion U.S. dollars through mid-October 2012 in order to pay for...

  • Dividend Recaps Coming to Europe. M. S. // Leveraged Finance News;10/29/2012, Vol. 2 Issue 42, p1 

    The article presents information on European private equity firms that are issuing debt to pay dividends when unable to exit their investments in portfolio companies through sale. It informs that the European market is following the lead of the U.S. market in order to use more loans to pay...

  • El papel del capital riesgo en la reestructuración bancaria en España. Martín, Marián Ruiz // Revista Española de Capital Riesgo;2014, Issue 1, p45 

    This article attempts to bring into focus a global view on the measures taken to solve the Spanish banking crisis, giving special attention to the big international private equity funds in their role as investors in impaired assets and bank business. This analysis comes from the point of view of...

  • Hocus Pocus. Morris, Charles R. // Commonweal;2/24/2012, Vol. 139 Issue 4, p6 

    The author comments on how private-equity deals work. He cites the purchase of a travel company by Blackstone firm as an example. He explains how venture-capital firms funnel money to the partners and dispels the perception that their goal is to invent things or create jobs. He points out that...

  • Investors not following Yale on private equity allocation. Fulman, Ricki // Pensions & Investments;1/20/2003, Vol. 31 Issue 2, p4 

    Reports on tax-exempt institutional investors plan to maintain or boost their private equity allocations. Allocation percentage of private equity of Memorial Sloan-Kettering Cancer Center, New York; Investors who have increased their private equity target allocation in the last several months...


Read the Article


Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics