Harbor Freight reportedly wants loan to pay dividend, refinance

07/17/2013 | Bloomberg Businessweek

Harbor Freight Tools USA is looking to acquire a $1 billion loan to back a dividend and refinance debt, a source says. Credit Suisse reportedly is managing the transaction. Lenders have until July 24 to decide on participation, the source says. The equipment retailer used loans to pay dividends in December 2010 and May 2012.

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