Santa Cruz Nutritionals to Pay Dividend
May 13, 2011- Share:
Levine Leichtman Capital Partners-backed Santa Cruz Nutritionals has raised $115 million of debt financing through an offering of senior secured notes. The company intends to use the new capital to refinance existing debt and pay a $41 million dividend to its shareholders. SCN manufactures gummy-based nutritional products and dietary supplements. The company was acquired by LLCP late last year.
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