TK foundry sale to KPS aided by GE Capital

Jul 02, 2012 | 04:31 PM | Michael Cowden

Tags  General Electric, GE Capital, Tom Quindlen, KPS Capital Partners, David Shapiro, ThyssenKrupp, Waupaca Foundry Holdings, private equity acquisition

TORONTO — ThyssenKrupp AG said it has completed the previously announced sale of its U.S. foundry business to private equity firm KPS Capital Partners LP.

GE Capital, Corporate Finance said it arranged a $485-million senior secured credit facility to KPS subsidiary Waupaca Foundry Holdings Inc. that was used to support the purchase of the former ThyssenKrupp Waupaca Inc., one of the largest iron foundry....

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