Unilever completes sale of interest in JohnsonDiversey
Unilever announced that it has completed the previously announced sale of its interest in JohnsonDiversey
The cash consideration Unilever received was $390m, which included both the originally announced cash consideration plus the proceeds of the sale of the 10½% senior notes in JohnsonDiversey Holdings, Inc. Unilever was able to take advantage of the favourable financing environment to sell these notes on attractive terms.
JohnsonDiversey and Clayton, Dubilier & Rice, Inc. separately announced the successful completion of their agreed recapitalisation transaction.
Unilever retains a 4% interest in the newly recapitalised entity
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