TKC Secures $2.3 Billion in Junk Bond and Loan Deal

Prison-food vendor TKC has successfully raised nearly $2.3 billion through a junk bond and leveraged loan transaction. Bloomberg posted on X, the funds will be used to refinance existing debt and distribute a dividend to its private equity owner. This financial maneuver highlights the company's strategy to manage its debt obligations while rewarding its stakeholders. The deal underscores the ongoing trend of companies leveraging high-yield bonds and loans to optimize their financial structures.