Plan B Pill Producer in Talks With Lenders on Debt Refinancing, Dividend
- Firm’s owners seeking up to $1.5 billion from private credit
- Sale of Foundation Consumer Healthcare was explored last year
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The private equity owners of Foundation Consumer Healthcare, the company behind popular morning-after pill Plan B One-Step, are in early talks with lenders to explore options that include refinancing debt, according to people with knowledge of the matter.
Foundation’s backers, which include Kelso & Co. and Juggernaut Capital Partners, are seeking to raise as much as $1.5 billion from private credit lenders to refinance the firm’s capital structure, said the people who asked not to be identified as the details are private. That amount would also include money to pay a dividend to the private equity investors, the people added.