Shareholders of FineToday to Get Payout Funded by $350 Million Goldman Loan

The shareholders of Japanese personal care business FineToday Holdings Co. will receive dividend payouts funded by a $350 million private credit loan, according to people familiar with the matter, adding to a growing trend of dividend recapitalizations backed by such financings.

Goldman Sachs Asset Management provided the five-year loan to a special purpose vehicle, the people said, who asked not to be identified discussing private matters. The proceeds will be distributed to FineToday’s shareholders and could also be used to fund potential acquisitions, they added.