Weber Leveraging Up by Taking $60 Million Loan From BDT Capital

Previously we reported that Weber was looking at taking on more debt from their largest shareholder, BDT Capital, to make it through the winter. Then a rumor was confirmed that BDT Capital had made an acquisition offer to Weber. The offer was to buy the remaining shares of Weber that they didn’t own for $6.25 share.

While Weber is still evaluating that acquisition offer, Bloomberg is reporting that Weber has agreed to take a $60 million loan from BDT Capital.