Brief: Propel Funeral Partners Announces Acquistions And Expansion Of Debt Facilities

Propel Funeral Partners

19/12/2023 24:56

Dec 19 (Reuters) - Propel Funeral Partners Ltd  PFP.AX :
    * ACQUISTIONS AND EXPANSION OF DEBT FACILITIES
    * EXECUTED BINDING LEGAL DOCUMENTATION TO ACQUIRE THREE LONG
ESTABLISHED FUNERAL SERVICE BUSINESSES
    * TOTAL CONSIDERATION PAYABLE ON COMPLETION OF ACQUISITIONS
IS
A$10.6 MILLION
    * ACQUISITIONS EXPECTED TO BE COMPLETED BY 31 MARCH 2024 AND
BE
EARNINGS ACCRETIVE IN YEAR ONE
    * ACQUISITIONS WILL BE FUNDED FROM COMPANY'S DEBT FACILITIES
    * CO AND WESTPAC HAVE AGREED TO EXPAND THE COMPANY’S SENIOR
DEBT
FACILITIES TO A$275 MILLION FROM A$255 MILLION

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