Brief: Sangoma Announces Acquisition Of Digium

Sangoma Technologies

24/08/2018 12:09

Aug 24 (Reuters) - Sangoma Technologies Corp  STC.V :
    * SANGOMA ANNOUNCES TRANSFORMATIVE ACQUISITION OF DIGIUM
    * SANGOMA TECHNOLOGIES CORP - EXPECTS TO PAY A TOTAL
PURCHASE
PRICE OF US$28 MILLION ON A DEBT-FREE AND CASH-FREE BASIS
    * SANGOMA TECHNOLOGIES - CASH PORTION OF DEAL WILL BE FUNDED
WITH
OF CASH ON HAND NEW CREDIT FACILITY OF ABOUT $21 MILLION
    * SANGOMA TECHNOLOGIES CORP - NEW CREDIT FACILITY WILL BE
DRAWN IN
US DOLLARS, BE REPAID OVER 7 YEARS

Source text for Eikon:  ID:nGNX82dZQC 
Further company coverage:  STC.V 

 ((Reuters.Briefs@thomsonreuters.com;))