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Industrials | Corporate Finance Advisory

Reinhold Declares Special Dividend

  • Reinhold Industries, Inc. (NASDAQ: RNHDA) manufactures advanced custom composite components and molding compounds for defense, aerospace and other industries in the United States
  • Reinhold announced the completion of the sale of its NP Aerospace subsidiary and a special dividend funded by proceeds from the sale of NP Aerospace and a new term loan from LaSalle Bank
  • Reinhold’s board of directors retained TM Capital as its advisor regarding the special dividend and TM Capital provided the board of directors with a solvency opinion
  • Reinhold declared a special dividend of $6.00 per share, or $19.6 million in aggregate

See Press Release

$38,000,000

has declared two special cash dividends on its Class A common stock

Reinhold Declares Special Dividend

TM Capital advised Reinhold Industries, Inc. (NASDAQ) in declaring a $19.6 million shareholder distribution

Details

For more information, contact our industrials team at:

industrials@tmcapital.com

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