Report: Arizona Chemical Owners Finance Dividend

American Securities (New York), the private equity owners of Arizona Chemical, have used a $610 million financing to fund a $290 million dividend, according to a report in Bloomberg. The financing consists of a $550 million term loan and a $60 million revolving credit facility, the report says. Proceeds from the financing also went towards paying down debt.   American Securities purchased Arizona Chemical from Rhone Capital (New York), another private equity firm, in September of last year for an undisclosed amount. Rhone purchased Arizona Chemical from...

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