IEC Electronics Corp.

+0.02 (+0.10%)
: $15.30 -0.03 (-0.16%)
Debt Financing / Related, Mergers / Acquisitions

IEC And Creation Technologies Sign Merger Agreement

Published: 08/12/2021 12:45 GMT
IEC Electronics Corp. (IEC) - Iec and Creation Technologies Sign Merger Agreement.
Iec Electronics Corp - Deal for $15.35 per Share in Cash, Representing a Fully Diluted Equity Value of Approximately $173.8 Million.
Iec Electronics Corp - Deal for an Aggregate Enterprise Value of $242.3 Million, Based Upon Net Debt of $68.6 Million.
Iec Electronics Corp - Creation Will Acquire All Outstanding Shares of Iec.
Iec Electronics Corp - Transaction Will Be Financed Through a Committed Debt Financing Package Provided by Jpmorgan Chase Bank and Citizens Bank.
Iec Electronics Corp - Upon Completion of Transaction, Iec Will Become a Privately-held Company.