Date: June 26, 2003
Source: News Room
Weston Solutions, Inc. has announced that financing has been completed to make Weston a 100% employee-owned company. This completes the final stage of the company's recapitalization strategy, years earlier than planned. The transaction was financed by a $25 million subordinated debt facility provided by American Capital and another lender, Allied Capital, and a $47 million senior credit facility provided by Fleet Capital, Weston's existing senior lender. Since becoming a private company in 2001, WESTON has seen continued improvement in profitability, growth, and financial stability.
More information: www.westonsolutions.com.
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