Anaheim, California-based RSI Home Products Inc. has completed a bond transaction which raised US$525 million in 5-year senior secured second lien notes. Funds generated by the transaction will be used in part to purchase the 50 percent equity stake held by Canadian buyout firm Onex Corp. Onex announced it has received proceeds totaling US$471 million, which accounts for the company buyback and prior distributions, from its original investment in RSI.
You are browsing the archive for RSI Home Products Inc. - peHUB.
Canadian buyout firm Onex Corp. has completed its sale of a 50 percent interest in RSI Home Products Inc. back to the Anaheim, California-based company. Proceeds from the transaction totaled US$323 million. Onex first invested in RSI in 2008. With the company buyback finalized, Onex announced it has received proceeds of US$471 million, including prior distributions, which results in a multiple of invested capital of approximately 1.5 times and an 11% rate of return.