GOJO Industries, the maker of Purell hand sanitizer, said on Thursday it would refinance its debt after sources told Reuters that negotiations about the sale of the company to paper and building products manufacturer Georgia-Pacific fell through.
GOJO said that the refinancing was provided by investment firm Silver Point Capital. It did not disclose terms, but people familiar with the matter said on condition of anonymity that Silver Point provided $500 million of financing.
Silver Point, Georgia-Pacific and Koch Industries did not immediately respond to requests for comment.
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