Brief: HDI Announces Us$270 Million Acquisition Of Mid-Am Building Supply And Expanded Credit Facility

ADENTRA

31/01/2022 22:43

Jan 31 (Reuters) - Hardwoods Distribution Inc  HDI.TO :
    * HDI ANNOUNCES US$270 MILLION ACQUISITION OF MID-AM
BUILDING
SUPPLY AND EXPANDED CREDIT FACILITY
    * HARDWOODS DISTRIBUTION INC - DEAL EXPECTED TO BE 15%
ACCRETIVE
TO EARNINGS PER SHARE ON A PRO FORMA BASIS
    * HARDWOODS DISTRIBUTION INC - ACQUISITION WILL BE FINANCED
BY AN
EXPANSION OF HDI'S EXISTING CREDIT FACILITY
    * HARDWOODS DISTRIBUTION - RECEIVED COMMITMENT FROM EXISTING
LENDER TO INCREASE SIZE OF SENIOR SECURED CREDIT FACILITY FROM
$525 MILLION TO UP TO $900 MILLION

Source text for Eikon:  ID:nCNWvgCp7a 
Further company coverage:  HDI.TO 

 ((Reuters.Briefs@thomsonreuters.com;))