How will James Hardie pay the cash consideration?A: James Hardie’s obligation to complete the merger is not conditioned upon its obtaining financing. JamesHardie anticipates that approximately $3.8 billion will be required to pay the aggregate cash portion of themerger consideration to the AZEK stockholders. James Hardie intends to fund the cash component of themerger through sources of debt financing and cash on hand. In connection with entering into the mergeragreement, James Hardie entered into a commitment letter that provided for a $4.3 billion 364-dayunsecured bridge loan commitment, which commitment terminates five business days following thetermination date under the merger agreement (as described herein).
JHX Price at posting:
$35.15 Sentiment: Sell Disclosure: Not Held
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