KPS Sets $200M Loan For Waupaca Foundry Dividend: UPDATED

Target: Waupaca Foundry Inc.

Value: $200 million

Sponsor: KPS Capital Partners LP

KPS Capital Partners LP is poised to pay itself and investors a hefty dividend from Waupaca Foundry Inc., an automotive parts company that the New York buyout shop acquired last summer. Ratings agencies affirmed the carveout’s overall financial health, although one worried about the specific term loan that the borrower is upsizing.

A spokesman for KPS Capital declined comment, saying the transaction has not yet closed. KPS Capital bought the company last July, paying an undisclosed amount for the ThyssenKrupp Waupaca Inc. unit of ThyssenKrupp Budd Co. and renaming it. ThyssenKrupp AG, ...

This content is available for Buyouts subscribers only. Request a free trial to get access for a limited period

If you already have an active Buyouts subscription, please sign in to view this article.

Digital Edition


To read a digital copy of our latest magazine

click here

PE News Briefs