Brief: Aquafil Says U.S. Unit Acquires O'Mara Incorporated For $40.5 Million

Aquafil SpA

31/05/2019 21:51

May 31 (Reuters) - Aquafil SpA  ECNL.MI :
    * AQUAFIL STRENGTHENS ITS POSITION IN THE USA: ACQUIRED O'MARA INCORPORATED FOR USD 40.5
MILLION
    * DEAL WAS COMPLETED THROUGH GROUP'S U.S. SUBSIDIARY, AQUAFIL USA INC 
    * GROUP WILL BENEFIT ALSO FROM TRADE AGREEMENTS BETWEEN U.S. FEDERAL GOVERNMENT AND CERTAIN
CENTRAL AND SOUTH AMERICAN COUNTRIES (CAFTA)
    * FUNDED DEAL THROUGH PRIVATELY PLACED BOND SUBSCRIBED BY PRICOA CAPITAL FOR EUR 40 MLN,
WITH A
TERM OF TEN YEARS
    * PRIVATELY PLACED BOND SUBSCRIBED BY PRICOA CAPITAL GROUP INCLUDES INITIAL INTEREST-ONLY
PERIOD
OF 3 YEARS, AND ANNUAL FIXED RATE OF 1.87% 

Source text for Eikon:  ID:nBIA7WRmwM 
Further company coverage:  ECNL.MI 

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