JohnsonDiversey repays $3.2 million term debt; considering asset sales to fund debt reductions

By Sara Rosenberg

New York, May 19 - JohnsonDiversey Inc. repaid $3.2 million of outstanding term loan debt during the first quarter, according to a filing with the Securities and Exchange Commission.

Furthermore, the company is currently looking into selling non-strategic businesses, including the previously disclosed sale of the Whitmire Micro-Gen pest control business, which could generate an additional $140 to $175 million available for debt reduction over the next four quarters.

JohnsonDiversey is a Sturtevant, Wis. provider of cleaning and hygiene solutions.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.