Authentic Brands Group Seeks Loan to Buyback Shares
The owner of Reebok and other active brands is taking on $1 billion in new debt in the form of a first-lien term loan due in 2032, with the proceeds going to repurchase some of its outstanding equity and for other corporate purposes. ABG’s principal private equity shareholders include BlackRock, CVC Capital Partners, General Atlantic, HPS Investment Partners, and Leonard Green & Partners. Revenues were about $1.7 billion for TTM ended Sep. ... Log in to view full article.
