Brief: Digital Homeownership Platform Better Announces Up To $1.5 Bln In Bridge Financing And Convertible Notes

Better Home & Finance Holding

30/11/2021 23:39

Nov 30 (Reuters) - Aurora Acquisition Corp  AURC.O :
    * DIGITAL HOMEOWNERSHIP PLATFORM BETTER ANNOUNCES UP TO $1.5
BILLION IN BRIDGE FINANCING AND CONVERTIBLE NOTES WITH AURORA
ACQUISITION CORP. AND SOFTBANK; COMPANY TO ACCELERATE
TRANSFORMATION OF THE HOMEOWNERSHIP EXPERIENCE
    * BETTER HOLDCO ANNOUNCES UP TO $1.5 BILLION IN BRIDGE
FINANCING
AND CONVERTIBLE NOTES WITH AURORA ACQUISITION CORP. AND SOFTBANK
    * AURORA ACQUISITION CORP  - AMENDMENTS TO TRANSACTION DO
NOT
CHANGE IMPLIED EQUITY VALUE FOR BETTER OF APPROXIMATELY $6.9
BILLION
    * AURORA ACQUISITION CORP - REDEMPTION BACKSTOP OF NOVATOR
CAPITAL
FOR SHAREHOLDER REDEMPTIONS FROM AURORA'S TRUST ACCOUNT HAS BEEN
TERMINATED
    * AURORA ACQUISITION CORP - $1.5 BILLION TRANSACTION
COMPRISES A
$750 MILLION BRIDGE NOTE FUNDED IMMEDIATELY
    * AURORA ACQUISITION CORP - TRANSACTION ADDS ONTO SOFTBANK
VISION
FUND 2'S ORIGINAL $500 MILLION INVESTMENT IN BETTER
    * AURORA ACQUISITION CORP - REDEMPTION BACKSTOP OF NOVATOR
CAPITAL
FOR SHAREHOLDER REDEMPTIONS FROM AURORA'S TRUST ACCOUNT HAS BEEN
TERMINATED

Source text for Eikon:  ID:nBw3tdlXna 
Further company coverage:  AURC.O