BPT 2.46% $1.25 beach energy limited

Ann: Lattice Energy acquisition, page-29

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  1. 3,985 Posts.
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    Let me give my take on the BPT debt.
    At end of June cash in hand $348m and drawn debt of $150m.
    Purchase price of Lattice is $1.585b plus $82m transaction cost = $1.667 B.
    Capital raising of $301m cash.
    That puts cash at $649m and debt of $1.817B.
    Then add to cash the increase cash flow of the combined BPT and Lattice from 1st of July 2017 to the date of deal completion which is expected to be on 1st quarter of 2018. My estimate is that it would be about $150m.
    This would give Cash of $799m and Debt of $1.817B.
    That is a Net Debt of $1.018B.
 
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