News: SDA SpeedCast International acquires Wins Ltd from Eutelsat Communications

Aug 8 (Reuters) - SpeedCast International Ltd (SDA) :

• Acquisition of Wins Ltd and equity raising
• Announces the acquisition of Wins Limited from Eutelsat Communications and Maltasat
• Deal for consideration of EUR 60.0 million
• Increased group's committed debt facilities by additional $30 mln on terms consistent with existing facilities
• Equity raising of at least aud 62.1 million to partially fund this acquisition, in addition to all-cash consideration of eur 60.0 mln
• Expects to report revenues for the six months ended 30 June 2016 of approximately USD 102 million
• Says expects EBITDA for six months ended 30 june approximately USD 17 million
• On a pro forma full year basis, the acquisition is expected to be high single digit eps accretive in FY2016
• Following wins acquisition, maritime business unit is expected to generate approximately 40% of speedcast's core service revenues