Primoris Services Corp

NASDAQ:PRIM   3:59:58 PM EDT
31.59
-0.63 (-1.96%)
Debt Financing / Related, Other Pre-Announcement, Mergers / Acquisitions

Primoris Services Corp To Acquire Future Infrastructure Holdings LLC

Published: 12/14/2020 23:50 GMT
Primoris Services Corp (PRIM) - Primoris Services Corporation to Acquire Future Infrastructure Holdings, Llc to Establish Leading Platform in Telecommunication Services.
Primoris Services Corp - All Cash Transaction Valued at $620 Million.
Primoris Services Corp - Transaction is Expected to Be Accretive to Earnings in First Year.
Primoris Services Corp - Primoris Anticipates Significant Tax Benefits Arising From Transaction With an Expected Net Present Value of at Least $80 Million.
Primoris Services Corp -anticipates Significant Tax Benefits Arising From Transaction With an Expected Net Present Value of at Least $80 Million.
Primoris Services Corp - Deal Will Be Funded Using Cash on Hand, a Revolving Advance of $100 Million and Proceeds From a New $400 Million Term Loan.