Brief: Chindata Group Enters Into Definitive Agreement For "Going Private" Transaction

Chindata group

11/08/2023 21:39

Aug 11 (Reuters) - Chindata Group Holdings Ltd  5WVy.F :
    * CHINDATA GROUP ENTERS INTO DEFINITIVE AGREEMENT FOR "GOING
PRIVATE" TRANSACTION
    * CHINDATA GROUP HOLDINGS LTD - TRANSACTION IMPLYING AN
EQUITY
VALUE OF COMPANY OF APPROXIMATELY US$3.16 BILLION
    * CHINDATA GROUP HOLDINGS LTD - MERGER IS CURRENTLY EXPECTED
TO
CLOSE DURING THE FOURTH QUARTER OF 2023 OR THE FIRST QUARTER OF
2024
    * CHINDATA GROUP HOLDINGS LTD -  ENTERED INTO AN AGREEMENT
AND
PLAN OF MERGER WITH BCPE CHIVALRY BIDCO LIMITED AND BCPE
CHIVALRY MERGER SUB LIMITED
    * CHINDATA GROUP HOLDINGS LTD -  AS A RESULT OF THE MERGER,
CO
WILL BECOME WHOLLY OWNED SUBSIDIARY OF BCPE CHIVALRY BIDCO
LIMITED
    * CHINDATA GROUP - IF COMPLETED, MERGER WILL RESULT IN CO
BECOMING
PRIVATELY HELD CO & ADSS WILL NO LONGER BE LISTED ON NASDAQ
GLOBAL SELECT MARKET
    * CHINDATA GROUP HOLDINGS -  BCPE CHIVALRY MERGER SUB WILL
MERGE
WITH & INTO CO, CO CONTINUING AS SURVIVING CO, BECOMING A UNIT
OF BCPE CHIVALRY BIDCO
    * CHINDATA GROUP-MERGER WILL BE FUNDED BY COMBINATION OF
CASH
CONTRIBUTION FROM SPONSORS OR AFFILIATES PURSUANT TO RESPECTIVE
EQUITY COMMITMENT LETTERS
    * CHINDATA GROUP-MERGER WILL BE FUNDED BY COMBINATION OF
EQUITY
ROLLOVER BY INVESTORS WHO ARE EXISTING SHAREHOLDERS OF CO OF
RESPECTIVE ROLLOVER SHARES
    * CHINDATA GROUP HOLDINGS -  DEAL TO ALSO BE FUNDED THROUGH
DEBT
FINANCING PROVIDED BY SHANGHAI PUDONG DEVELOPMENT BANK CO LTD,
INDUSTRIAL BANK CO., LTD

Source text for Eikon:  ID:nPn8S5B2va 
Further company coverage:  5WVy.F 

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