Roughly three years after a debt overhaul at US Renal Care stripped away assets from some of its lenders, the Bain Capital-backed firm is doing the near unthinkable in debt markets: offering to put those same assets back in creditor hands. Barclays Plc is sounding out potential debt investors on a roughly $2 billion refinancing package as some of US Renal Care’s borrowings come due over the next few years, according to people familiar with the matter.
Read the full article: Bain’s US Renal Care Seeks to Undo Asset Strip in Rare Debt Move //
Source: https://news.bloombergtax.com/private-equity/bains-us-renal-care-seeks-to-undo-asset-strip-in-rare-debt-move