In Brief: Twin Laboratories
This article was originally published in The Tan Sheet
Executive Summary
Twin Laboratories: Offering $100 mil. in 10-year senior subordinated notes. The supplement firm will use the proceeds to fund the partial sale (45%) of the company to Leonard Green & Partners for $212 mil. Once the transaction is complete, the five sons of the company's founders, David and Jean Blechman, will own 45% of Twin Labs ("The Tan Sheet" March 18, p. 11)...