4 Financial Stock Stories for Midweek Perusal
The Blackstone Group (NYSE:BX): Current price $20.33
The Spanish manufacturer of food containers Mivisa Group, partly owned by Blackstone, plans a $189 million loan to help pay its owners a dividend, said two knowledgeable sources. The six-year arrangement will fund a 185 million euro payout to Mivisa’s owners, as well as cash from the company. The term loan C will increase Mivisa’s debt to about 5 times its earnings before interest, tax, depreciation and amortization from 3.8 times, according to the sources.
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