Brief: Franchise Group Enters Into Exclusive Negotiations With Kohl’S Corporation

Franchise

07/06/2022 01:03

June 6 (Reuters) - Franchise Group Inc  FRG.O :
    * FRANCHISE GROUP ENTERS INTO EXCLUSIVE NEGOTIATIONS WITH
KOHL’S
CORPORATION
    * FRANCHISE - CO TO CONTRIBUTE APPROX $1 BILLION OF CAPITAL
TO
TRANSACTION, ALL EXPECTED TO BE FUNDED THROUGH A INCREASE IN
SIZE OF ITS SECURED DEBT FACILITIES
    * IF TRANSACTION IS COMPLETED, IT IS ANTICIPATED FREE CASH
FLOW,
ADJUSTED EBITDA, NON-GAAP EPS OF FRANCHISE GROUP TO INCREASE
    * MAJORITY OF FINANCING FOR TRANSACTION IS ANTICIPATED TO BE
PROVIDED ON BASIS OF REAL ESTATE ASSETS OF KOHL'S CORPORATION

Source text for Eikon:  ID:nGNX24Gvz3 
Further company coverage:  FRG.O 

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