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Generac completes refinancing, declares prior disclosed $5.00 special dividend

Generac Holdings announced that it has completed the previously disclosed amendment and restatement of its senior secured term loan credit facility on May 31, pursuant to which it has incurred $1.2B of senior secured term loans to replace its prior term loan facilities. Following the closing of the new senior secured term loan facility and related borrowings thereunder, on May 31, the company’s Board of Directors declared the previously announced special cash dividend of $5.00 per share. The special cash dividend is payable to stockholders of record on June 12, and will be paid on June 21. The company has been informed by the New York Stock Exchange that the ex-dividend date is expected to be June 10.