Brief: Dynatronics- co entered into agreement to acquire all assets of Bird & Cronin for $10.0 million in cash

Dynatronics

27/09/2017 11:10

Sept 27 (Reuters) - Dynatronics Corp  DYNT.O  
    * Dynatronics-On September 26, co entered into agreement to 
acquire all assets of Bird & Cronin for $10.0 million in cash - 
SEC filing 
    * Dynatronics - to fund deal with proceeds from offer , sale 
of equity securities in private offering 
    * Dynatronics Corp -  to fund deal with funds provided by 
borrowings pursuant to amended asset-based lending facility with 
bank of the west 
    * Dynatronics Corp - under terms of agreement, co will 
acquire all of assets of B&C and following closing will operate 
business at its facility in Minnesota 
    * Dynatronics Corp says in connection with deal, on Sept 
25, co entered commitment letter to modify current credit 
facility dated March 31 - SEC filing 
    * Dynatronics-On Sept 25,co entered into commitment letter 
with bank of west containing terms by which bank is prepared to 
modify current credit facility 
    * Dynatronics - terms of commitment letter provide credit 
facility to be modified by amendment 
    * Dynatronics corp - purchase price for B&C is an amount 
payable in cash and securities totaling between $14.5 million 
and $15.5 million 
    * Dynatronics - credit facility amendment to increase 
maximum amount of loans permitted under facility up to lesser of 
$11 million and a borrowing base 
 
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