Financial Advisor
Hy Cite Enterprises, LLC
Debt Capital Markets
A prior portfolio company of
Subordinated Notes
Transaction Details
- On December 20, 2017, Hy Cite Enterprises, LLC (“Hy Cite”) completed a $90 million subordinated debt raise funded by Prudential Capital Group
- Proceeds from the transaction were used to redeem the convertible preferred shares of affiliates of Palladium Equity Partners, LLC
- Stephens Inc. served as exclusive financial advisor to Hy Cite on the transaction
About the company
Hy Cite Enterprises, LLC
Founded in 1959 and headquartered in Madison, WI, Hy Cite is a direct selling company focused on marketing high-quality, durable household products. Hy Cite’s Royal Prestige® brand has become synonymous with reliable products of excellent quality, value, and dependability, developed by “world class” designers working with leading experts in health and nutrition. Hy Cite’s products include cookware, china, crystal, flatware, cutlery, water and air filtration systems and juice extractors that are marketed in the U.S., Mexico, Canada and other countries in Latin America. For more information, please visit www.hycite.com.
Prudential Capital Group
Prudential Capital Group is the private placement arm of PGIM, Inc., the global investment management business of Prudential Financial, Inc. They have been investing in private placements for more than 75 years and as of 9/30/17 managed a portfolio of nearly $82 billion with purchases and placements of up to $12 billion annually. For more information, please visit http://borrower.prudentialcapitalgroup.com/home-pages-1.php.
Sources: Prudential Capital Group website, Palladium Equity Partners website and company provided information.
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