Franchise Group Inc - Ordinary Shares - Class A

NASDAQ:FRG   3:59:57 PM EDT
35.10
-1.76 (-4.78%)
Debt Financing / Related, Mergers / Acquisitions

Franchise Group Enters Into Exclusive Negotiations With Kohl’S Corporation

Published: 06/07/2022 00:09 GMT
Franchise Group Inc - Ordinary Shares - Class A (FRG) - Franchise Group Enters Into Exclusive Negotiations With Kohl’s Corporation.
Franchise - Co to Contribute Approx $1 Billion of Capital to Transaction, All Expected to Be Funded Through a Increase in Size of Its Secured Debt Facilities.
If Transaction is Completed, It is Anticipated Free Cash Flow, Adjusted EBITDA, Non-GAAP EPS of Franchise Group to Increase.
Majority of Financing for Transaction is Anticipated to Be Provided on Basis of Real Estate Assets of Kohl's Corporation.