Waupaca Foundry plans new debt financing for purchase by KPS Partners

By Sara Rosenberg

New York, May 15 - Waupaca Foundry Inc. (ThyssenKrupp Waupaca Inc.) plans on getting new financing from a syndicate of banks and institutional investors to help fund its buyout by KPS Capital Partners LP, according to a news release.

GE Capital Markets Inc., RBC Capital Markets and Wells Fargo Capital Finance are the lead arrangers on the deal.

Under the agreement, ThyssenKrupp Waupaca, which is being renamed Waupaca Foundry, is being purchased from ThyssenKrupp Budd Co.

Closing is expected this quarter, subject to customary conditions.

Waupaca Foundry is a Waupaca, Wis.-based producer of gray and ductile iron castings for the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.