BJ's launches $2.1 billion loan for refinancing, dividend recap

Warehouse retailer BJ's Wholesale Club (BJ.UL) is tapping the wide open credit markets for the second time in slightly over 12 months to finance a distribution to its shareholders, sources told Thomson Reuters LPC. Deutsche Bank is leading the transaction. Deutsche Bank declined to comment. The $450 million dividend comes on the heels of a $643 million distribution the company offered to shareholders in September 2012.

via Business News - Yahoo Finance http://finance.yahoo.com/news/bjs-launches-2-1-billion-213118274.html