KKR and other Wella investors set to extract one of Europe’s largest ever dividend payments 

KKR and other Wella investors set to extract one of Europe’s largest ever dividend payments 

THE WHAT? KKR and its fellow investors in Geneva-based haircare company Wella are set to tap the company for one of the largest-ever dividend payments taken in Europe’s leveraged loan market, as reported by Bloomberg. 

THE DETAILS According to people familiar with the matter, shareholders will be inline for a US$989 million equivalent payment from Wella – the biggest dividend to be taken in the region since 2017. 

Wella is expected to raise cash by refinancing an existing US$1.2 billion loan. 

THE WHY? The transaction is said to highlight the strength of KKR and its ability to gain favourable terms in Europe’s leveraged loan market. 

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