Prison Vendor TKC Borrows $2.3 Billion for Refinancing and Dividend
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private...
By Paula Seligson · Bloomberg Markets
Prison-food vendor TKC Holdings Inc. borrowed nearly $2.3 billion on Wednesday in a junk bond and leveraged loan deal to refinance existing debt and pay a dividend to its private equity owner.