Brief: Uni-Select Announces C$125 Million Convertible Debenture Financing And Concludes Strategic Review Process
18/12/2019 23:32
Dec 18 (Reuters) - Uni-Select Inc UNS.TO :
* UNI-SELECT ANNOUNCES C$125 MILLION CONVERTIBLE DEBENTURE
FINANCING AND CONCLUDES STRATEGIC REVIEW PROCESS
* UNI-SELECT INC - BIRCH HILL EQUITY PARTNERS MANAGEMENT INC
SUBSCRIBED FOR C$75 MILLION PRINCIPAL AMOUNT OF DEBENTURES
* UNI-SELECT INC - INTENDS TO USE NET PROCEEDS FROM OFFERING
TO
REDUCE BORROWINGS UNDER ITS SENIOR DEBT CREDIT FACILITY
* UNI-SELECT INC - REMAIN OPEN TO EVALUATING FUTURE
OPPORTUNITIES
THAT ALIGN WITH ITS BUSINESS STRATEGIES AND ENHANCE SHAREHOLDER
VALUE
Source text for Eikon: ID:nCNWZ5sDka
Further company coverage: UNS.TO
((Reuters.Briefs@thomsonreuters.com;))
Recent news on Uni-Select
See all newsBrief: UK's CMA To Consider Undertakings Offered On LKQ Corp/ Uni-Select Merger
Brief: UK's CMA Says It Has Until Oct 2 To Decide Whether To Accept Undertaking For LKQ Corporation / Uni-Select Deal
Competition and Mkts - Merger Update: LKQ Corporation / Uni-Select
Auto parts distributor LKQ cuts profit outlook as commodity costs bite
Brief: Uni-Select Provides Update On Pending Arrangement Following U.K. CMA's Phase 1 Findings