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by Kirk Falconer

RSI Obtains Bond to Purchase Onex’s Equity Stake

Posted on: March 1, 2013 by Kirk FalconerNo Comments »

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.

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by Kirk Falconer

Onex Completes Sale of 50% Stake in RSI

Posted on: February 24, 2013 by Kirk FalconerNo Comments »

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.

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