BJ's Wholesale Takes On $900M Debt In Buyout

Law360, New York (October 26, 2011, 2:41 PM EDT) -- BJ’s Wholesale Club Inc. took on a $900 million credit facility as part of its buyout by private equity firms Leonard Green & Partners LP and CVC Capital Partners, according to an announcement Wednesday.

GE Capital said it served as the administrative agent for the senior secured loan, which assisted in the private equity firms' purchase of the Westborough, Mass.-based retail warehouse club Sept. 30 for $2.8 billion, or $51.25 per share.

Leonard Green and CVC agreed to purchase the bulk retailer in June, calling it...
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