Waupaca Foundry, a portfolio company of KPS Capital Partners, has completed a recapitalization, which was funded by a $200 million upsizing of its term loan. The proceeds of the transaction were used to make a $200 million cash distribution to stockholders. GE Capital Markets served as the lead arranger for the financing, while RBC Capital Markets advised KPS. Waupaca is an iron foundry company that produces iron castings used in a variety of markets, including the automotive, truck, agriculture, construction, hydraulics and commercial vehicle markets. KPS acquired the company from ThyssenKrupp Budd in June 2012.