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News: MOC REA Group Updates On Proposed Acquisition Of Mortgage Choice

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    29/03/21
    12:45
    Post #: 52111253

    March 29 (Reuters) - REA Group Ltd (REA) :

    • PROPOSED ACQUISITION OF MORTGAGE CHOICE LIMITED
    • OFFER REPRESENTS ENTERPRISE VALUE OF ABOUT $244 MILLION
    • TRANSACTION IS EXPECTED TO BE FUNDED BY AN INCREASE IN REA'S SYNDICATED DEBT FACILITIES
    • EXISTING $170 MILLION SYNDICATED DEBT FACILITY IS EXPECTED TO BE PARTIALLY REFINANCED AS PART OF THIS PROCESS
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