KPS Capital Partners Portfolio Company Anchor Glass Container Corporation Completes Successful Recapitalization

KPS Capital Partners, LP ("KPS") announced today that its portfolio company Anchor Glass Container Corporation ("Anchor Glass" or the "Company") has completed a successful recapitalization.   Anchor Glass raised $465 million of financing through a new term loan.

The proceeds of the recapitalization were used to refinance outstanding debt, to fund a $150 million cash distribution to stockholders and to support the Company's continued growth.

Following the recapitalization, Anchor Glass remains conservatively capitalized with the continued support of its controlling shareholder, KPS, a private equity firm with approximately $5.9 billion of assets under management.  KPS, co-investors and Anchor Glass management continue to own 100% of Anchor Glass' common stock following the recapitalization.

Read more at: www.prnewswire.com/news-releases/kps-capital-partners-portfolio-company-anchor-glass-container-corporation-completes-successful-recapitalization-300108050.html

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