SDA speedcast international limited
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News: SDA Speedcast International Says Co To Acquire Globecomm

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    28/08/18
    09:30
    Post #: 35224175

    Aug 28 (Reuters) - SpeedCast International Ltd (SDA) :

    • SPEEDCAST TO ACQUIRE GLOBECOMM
    • DEAL FOR US$135 MILLION
    • DEAL TO BE FUNDED BY FULLY UNDERWRITTEN US$175 MILLION ADD-ON TO CO'S EXISTING 7‐YEAR SENIOR SECURED CREDIT FACILITY
    • ESTIMATES IT WILL GENERATE OVER US$15 MILLION IN ANNUAL COST SYNERGIES WITHIN 18 MONTHS AFTER ACQUISITION
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