Brief: SP Plus To Buy Bags Baggage Airline Guest Services, And Home Serv Delivery

SP Plus

17/10/2018 11:55

Oct 17 (Reuters) - SP Plus Corp  SP.O :
    * SP PLUS - AGREES TO ACQUIRE BAGS BAGGAGE AIRLINE GUEST
SERVICES
AND HOME SERV DELIVERY, THEIR UNITS AND AFFILIATES
    * SP PLUS CORP - DEAL FOR $275 MILLION
    * SP PLUS CORP - PLANS TO FINANCE DEAL WITH AN EXPANDED
SENIOR
CREDIT FACILITY, WHICH CO IS IN PROCESS OF FINALIZING
    * SP PLUS - PLANS TO FINANCE DEAL WITH EXPANDED SENIOR
CREDIT
FACILITY, WHICH THE COMPANY IS IN THE PROCESS OF FINALIZING
    * SP PLUS CORP - EXPECT ACQUISITION WILL BE ACCRETIVE TO
CASH FLOW
IN FIRST YEAR POST CLOSING.
    * SP PLUS CORP - UNTIL THE CLOSING OF THE TRANSACTION, SP
PLUS AND
BAGS WILL CONTINUE TO OPERATE AS INDEPENDENT COMPANIES
    * SP PLUS CORP - DEAL IS NOT EXPECTED TO MATERIALLY IMPACT
SP+’S
FISCAL 2018 RESULTS

Source text for Eikon:  ID:nGNX9sljHh 
Further company coverage:  SP.O 

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