Brand Industrial Eyes Debt Deal With Support of CD&R, Brookfield

Brand Industrial Services Inc. is floating a refinancing proposal that would include a fresh cash injection from its private equity owners Clayton Dubilier & Rice LLC and Brookfield Business Partners LP, according to people familiar with the situation.

Earlier this week, the company disclosed that it is looking to reduce gross debt to $3.3 billion from $4.3 billion, implying a sizable equity check from the sponsors, said the people, who asked not to be identified because the information is private.

Brand has also started to drum up investor interest in a bond and loan deal with the help of ...