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Debt Financing / Related, Equity Investments, Earnings Announcements

Dye & Durham Announces Agreement To Acquire Link Group In Transformative C$3.2 Billion Transaction

Published: 12/22/2021 01:58 GMT
(LNKG) - Dye & Durham Announces Agreement to Acquire Link Group in Transformative C$3.2 Billion Transaction.
In Connection With Transaction, Dye & Durham Also Secures Commitment to Complete a Strategic Share Issuance at C$53.00 per Share.
Dye & Durham-deal Will Be Financed Through C$3.25 Billion Senior Secured Debt Facility With Goldman Sachs, Ares, Jp Morgan Acting As Joint Lead Arrangers.
As Part of Transaction, Co Will Also Indirectly Acquire Link Group's Approx 43% Ownership Stake in Pexa Group Limited.
Dye & Durham-deal Will Be Financed Through C$841 Million in Exchangeable Preferred Shares Issued to Ares.
Will Acquire Link Group for Cash Consideration of Approximately C$3.2 Billion, Or A$5.50 per Common Share.
Believes It Will Be Able to Realize About C$125 Million of Cost Synergies Post-closing.
Acquisition Will Expand Dye & Durham's Global Scale, by Adding Approximately A$1.2 Billion in Revenue, Approximately A$257 Million in EBITDA.
In Addition, Co Has Secured a C$150m Revolving Credit Facility.