KPS Capital Partners announced it signed a definitive agreement, through an affiliate, to sell its portfolio company Waupaca Foundry to Hitachi Metals for $1.3 billion in cash.
KPS Capital Partners portfolio company Waupaca Foundry completed its second successful recapitalization. Financing was provided by a syndicate of banks and institutional investors with GE Capital Markets acting as lead arranger.
Paul Hastings represented GE Capital in connection with the re-pricing of a $416 million term loan credit facility for Waupaca Foundry.
GE Capital, Corporate Finance served as administrative agent on an incremental $200 million credit facility to Waupaca Foundry. GE Capital Markets served as lead arranger for the transaction.
KPS Capital’s portfolio company, Waupaca Foundry, completed a recapitalization, the proceeds of which were used to fund a $200 million cash distribution to stockholders. GE Capital Markets acted as lead arranger in the transaction.
KPS Capital Partners has completed the acquisition of ThyssenKrupp Waupaca from ThyssenKrupp Budd Company. Upon closing, the company was renamed Waupaca Foundry. Financing for the transaction was provided by GE Capital Markets, RBC Capital Markets and Wells Fargo Capital Finance acting as lead arrangers.