Symbol not found

:SIRR   00:00AM GMT
0.00
0.00 (0.00%)
Earnings Announcements, Mergers / Acquisitions

Sierra Income To Merge With Barings BDC

Published: 09/21/2021 22:10 GMT
(SIRR) - Press Release - Sierra Income Corporation to Merge With Barings Bdc, Inc. and Combined Company to Be Managed by Barings Llc.
Barings Bdc Inc - Sierra Stockholders Will Receive Aggregate Consideration in Form of Cash and Stock Consideration Valued at Approximately $623.7 Million.
Barings Bdc Inc - Deal Represents Total Consideration for Sierra Stockholders of About $588.6 Million Or About $5.76 per Sierra Share.
Barings Bdc Inc - Sierra's Stockholders Will Receive 0.44973 Shares of Barings Bdc for Each Share of Sierra.
Barings Bdc Inc - Combined Company Will Remain Externally Managed by Barings Llc.
Barings Bdc Inc - Barings Bdc Stockholders and Sierra Stockholders Are Expected to Own Approximately 58.7% and 41.3%, Respectively, of Combined Co.
Barings Bdc - Sierra Will Repay All Outstanding Amounts Under Its Existing Credit Facility & Any Remaining Obligations Thereunder Will Be Terminated.
Barings Bdc Inc - Co Anticipates That Deal Will Provide About $8.1 Million of Identified Expense Synergies Associated With Combination.