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Yankee Candle dividend and debt refinancing to include $450 million new notes
By Paul A. Harris and Sara Rosenberg
Portland, Ore., May 29 - Yankee Candle Co. Inc. plans to use the proceeds from the proposed sale of $450 million of notes, and from a $1.13 billion credit facility, to fund a distribution to its equity holders and to refinance all of its existing debt, according to a market source.
The credit facility, which is being led by Barclays and Bank of America Merrill Lynch, is set to launch on Friday.
Yankee Candle is a South Deerfield, Mass.-based designer, manufacturer, wholesaler and retailer of scented candles.
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