Brief: Data Communications Management Corp. To Acquire Canadian Operations Of R.R. Donnelley & Sons

Data Communications Management (Ontario)

23/02/2023 03:45

Feb 22 (Reuters) - Data Communications Management Corp
 DCM.TO :
    * . TO ACQUIRE CANADIAN OPERATIONS OF R.R. DONNELLEY & SONS
    * . TO ACQUIRE CANADIAN OPERATIONS OF R.R. DONNELLEY & SONS
    * TO ACQUIRE FOR A TOTAL CASH PURCHASE PRICE OF CDN $123
MILLION
    * DATA COMMUNICATIONS MANAGEMENT - DCM WILL ACQUIRE ALL
ISSUED
SHARES OF MOORE CANADA CORPORATION (RRD CANADA), A WHOLLY OWNED
SUBSIDIARY OF RRD
    * DCM- INTENDS TO FINANCE 100 PERCENT OF PURCHASE PRICE IN
CASH
THROUGH FULLY COMMITTED CREDIT FACILITIES FROM CANADIAN
CHARTERED BANK AND FIERA PRIVATE DEBT
    * DATA COMMUNICATIONS - FOLLOWING CLOSING OF ACQUISITION
TRANSACTION, DCM INTENDS TO ENTER INTO A SALE AND LEASE-BACK
ARRANGEMENT FOR EACH SITE
    * DATA COMMUNICATIONS- INCLUDED IN PURCHASE PRICE, DCM WILL
ACQUIRE THREE SITES CURRENTLY OWNED BY RRD CANADA AT AN IMPLIED
NET VALUE OF APPROX $30 MILLION

Source text for Eikon:  ID:nBw7cL1wta 
Further company coverage:  DCM.TO 
 ((Reuters.Briefs@thomsonreuters.com;))