Oak Hill Capital Partners will inject $125 million into its struggling portfolio company Duane Reade to help it repurchase debt.
The retail chain has struggled under its $556.5 million debt load and this week Standard & Poor’s and Moody’s Investors Service downgraded the company further into junk.
Oak Hill’s investment is meant to partially fund the discounted repurchase of Duane Reade’s $195 million, 9.75
