Brief: Redknee Solutions announces US$80 mln private placement

Optiva

09/12/2016 13:42

Dec 9 (Reuters) - Redknee Solutions Inc  RKN.TO : 
    * Redknee Solutions Inc - net proceeds of transaction will 
also be used to fund previously announced restructuring costs 
    * Redknee Solutions Inc - entered into an agreement with a 
subsidiary of Constellation Software Inc providing for an 
investment of US$80 million in Redknee 
    * Redknee Solutions- net proceeds of transaction to be used 
to repay indebtedness of about US$53 million under company's 
senior secured credit facility 
    * Redknee Solutions- pursuant to constellation agreement, 
Constellation's unit will be entitled to elect number of 
directors to be a majority of board 
    * Redknee Solutions Inc announces US$80 million private 
placement 
 
Source text for Eikon:  ID:nCNWMXyL9a  
Further company coverage:  RKN.TO  
 
 ((Bangalore.newsroom@thomsonreuters.com;))