Brief: Emerald Holding To Receive $400 Mln Convertible Preferred Stock Infusion Led By Onex

Emerald Holding

10/06/2020 14:25

June 10 (Reuters) - Emerald Holding Inc  EEX.N :
    * EMERALD HOLDING, INC. TO RECEIVE $400 MILLION CONVERTIBLE
PREFERRED STOCK INFUSION LED BY ONEX
    * EMERALD HOLDING - EXISTING COMMON STOCKHOLDERS WILL BE
OFFERED
RIGHT TO PARTICIPATE ON PRO RATA BASIS
    * EMERALD HOLDING - ONEX COMMITS TO BUY $263.5 MILLION &
THEN
BACKSTOP $136.5 MILLION RIGHTS OFFERING TO OTHER EXISTING COMMON
STOCKHOLDERS
    * EMERALD HOLDING - EXPECTS TO USE NET PROCEEDS FROM
INVESTMENT,
TO REPAY OUTSTANDING DEBT UNDER CREDIT FACILITY
    * EMERALD HOLDING - INITIAL PURCHASE BY ONEX IS EXPECTED TO
CLOSE
ON OR ABOUT JULY 9, 2020
    * EMERALD HOLDING - RIGHTS OFFERING IS EXPECTED TO CLOSE
DURING Q3
OF 2020

Source text for Eikon:  ID:nBw1H1fQva 
Further company coverage:  EEX.N 

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