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Veritiv plans debt financing for buyout by Clayton, Dubilier & Rice
By Sara Rosenberg
New York, Aug. 7 – Veritiv Corp. has received a commitment for debt financing to help fund its acquisition by Clayton, Dubilier & Rice LLC, according to an 8-K filed with the Securities and Exchange Commission on Monday.
Goldman Sachs, RBC Capital Markets LLC, Wells Fargo Securities, BMO Capital Markets Corp. and UBS Investment Bank provided the financing commitment.
Under the agreement, Veritiv is being bought for $170 per share in cash.
Closing is expected in the fourth quarter, subject to shareholder approval and other customary conditions, including the receipt of required regulatory approvals.
Veritiv is an Atlanta-based distributor of packaging, facility solutions and print products.
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