Brief: Nuvei Enters Definitive Agreement To Acquire Paya

Nuvei

09/01/2023 11:50

Jan 9 (Reuters) - Nuvei Corp  NVEI.TO :
    * NUVEI ENTERS DEFINITIVE AGREEMENT TO ACQUIRE PAYA
    * NUVEI CORP - PROPOSED DEAL FOR USD $9.75 PER SHARE
    * NUVEI CORP - PROPOSED DEAL FOR TOTAL CONSIDERATION OF
APPROXIMATELY $1.3 BILLION
    * NUVEI CORP - EXPECTS TO FINANCE ACQUISITION WITH A
COMBINATION
OF CASH ON HAND
    * NUVEI CORP - PROPOSED TRANSACTION IS EXPECTED TO DELIVER
UP TO
$21 MILLION OF ESTIMATED RUN-RATE COST SYNERGIES WITHIN 24
MONTHS
    * NUVEI CORP - EXPECTS TO FINANCE ACQUISITION WITH CASH ON
HAND,
AN EXISTING CREDIT FACILITY & NEW COMMITTED $600 MILLION FIRST
LIEN SECURED CREDIT FACILITY
    * NUVEI CORP - TRANSACTION IS EXPECTED TO BE ACCRETIVE TO
ADJUSTED
EPS IN 2023
    * NUVEI - DEAL INCLUDES PROVISIONS FOR PAYA TO PAY CO
TERMINATION
FEE OF ABOUT $38 MILLION UNDER SOME CIRCUMSTANCES
    * NUVEI - INVESTMENT FUND AFFILIATED WITH GTCR LLC AGREED,
TO
TENDER ITS PAYA SHARES PURSUANT TO TENDER OFFER

Source text for Eikon:  ID:nGNX3tprRk 
Further company coverage:  NVEI.TO 
 ((Reuters.Briefs@thomsonreuters.com;))