Brief: Sonder Holdings Inc. And Gores Metropoulos II, Inc. Announce Additional Committed Capital

Sonder Holdings

28/10/2021 14:51

Oct 28 (Reuters) - Gores Metropoulos II Inc  GMII.O :
    * SONDER HOLDINGS INC. AND GORES METROPOULOS II, INC. ANNOUNCE ADDITIONAL
COMMITTED CAPITAL TO FULLY FUND BUSINESS PLAN AND STRATEGIC REVISION OF
TRANSACTION TERMS
    * GORES METROPOULOS - INCREMENTAL INVESTMENT OF ABOUT $330 MILLION AND
RESULTING
TOTAL CAPITAL OF ABOUT $530 MILLION
    * GORES METROPOULOS II INC - REVISION OF TRANSACTION TERMS RESULTS IN
COMBINED
COMPANY WITH AN ESTIMATED PRO FORMA ENTERPRISE VALUE OF OVER $1.9 BILLIO
    * GORES METROPOULOS II INC - SONDER WILL RECEIVE APPROXIMATELY $110 MILLION
IN
ADDITIONAL CAPITAL
    * GORES METROPOULOS II INC - SONDER HAS SIGNED A NON-BINDING TERM SHEET FOR
DELAYED DRAW NOTES OF $220 MILLION WITH EXISTING PIPE INVESTORS

Source text for Eikon:  ID:nBwbBVypQa 
Further company coverage:  GMII.O