SPLS - 4293173

YHD - YHD Delayed Price. Currency in USD
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  • Reuters

    Staples US$3.2 billion dividend loan tests U.S. market's recovery

    Opportunistic and aggressive loans financing dividend payments to private equity firms, such as a US$3.2bn loan for office supply company Staples, are back on the agenda as sponsors exploit excess investor demand while dealflow remains thin. The deal will finance a US$1bn dividend payment to Staples' sponsors, which are led by private equity firm Sycamore Partners, and will test the strength of the US loan market’s recovery.