Brief: Alta Equipment Group Acquires Yale Industrial Trucks

Alta Equipment

06/07/2022 12:03

July 6 (Reuters) - Alta Equipment Group Inc  ALTG.N :
    * ALTA EQUIPMENT GROUP ACQUIRES YALE INDUSTRIAL TRUCKS, INC.
    * ALTA EQUIPMENT GROUP INC - IMPLIED ENTERPRISE VALUE OF ACQUISITION IS
ESTIMATED
TO BE ABOUT $33.5 MILLION
    * ALTA EQUIPMENT GROUP INC - IN CONNECTION WITH YIT ACQUISITION, COMPANY
WILL BE
AMENDING ITS ABL AND FLOORPLAN FIRST LIEN CREDIT AGREEMENTS
    * ALTA EQUIPMENT - AMENDMENT WILL, EXERCISE $80 MILLION OF $150 MILLION
ACCORDION
FUNCTION CURRENTLY INCLUDED IN COMPANY'S ASSET-BASED REVOLVING LINE OF CREDIT
    * ALTA EQUIPMENT GROUP INC - AMENDMENT WILL INCREASE BORROWING CAPACITY OF
ITS
REVOLVING FLOOR PLAN FACILITY BY $10 MILLION FROM $50 MILLION TO $60 MILLION

Source text for Eikon:  ID:nBw9B5wwva 
Further company coverage:  ALTG.N 

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