Monday, January 16, 2012

Hanley Wood Recapitalizes, Reduces Debt

http://www.btobonline.com/article/20120116/MEDIABUSINESS1501/301169976/hanley-wood-recapitalizes-reduces-debt-by-330-million
Hanley Wood, a B-to-B construction information company that publishes Builder, among other titles, cut its long-term debt from $410 million to $80 million.  A new ownership group (led by Oaktree Capital Management, Strategic Value Partners and Tennenbaum Capital Partners) invested $35 million of new capital in the company.