Skillsoft Corp. - Ordinary Shares - Class A

NYSE:SKIL   3:59:59 PM EDT
3.52
-0.04 (-1.12%)
Debt Financing / Related, Divestitures / Spin-offs, Other Pre-Announcement

Skillsoft To Sell Sumtotal To Cornerstone For $200 Mln

Published: 06/13/2022 10:27 GMT
Skillsoft Corp. - Ordinary Shares - Class A (SKIL) - Press Release - Skillsoft Enters Agreement to Sell Sumtotal to Cornerstone for $200 Million.
Skillsoft Enters Agreement to Sell Sumtotal to Cornerstone for $200 Million.
Skillsoft Corp - Proposed Deal Expected to Be Accretive to Skillsoft's Bookings and Revenue Growth.
Skillsoft Corp - Proposed Deal for Will Use a Portion of Net Proceeds From Transaction to Partially Repay Its Senior Secured Term Loan B Facility.
Skillsoft Corp - Company Expects Pro Forma Fiscal Year 2022 Net Leverage to Be Approximately 3.7x.
Skillsoft Corp- Richard Walker to Continue Role As Skillsoft Chief Corporate Strategy, Development Officer.