Brief: Unisync Agrees To Acquire Montreal Based Utility Garments Inc

Unisync

22/08/2018 13:06

Aug 22 (Reuters) - Unisync Corp  UNI.V :
    * UNISYNC AGREES TO ACQUIRE MONTREAL BASED UTILITY GARMENTS
INC.
AND ANNOUNCES $8,000,000 BOUGHT DEAL PRIVATE PLACEMENT
    * UNISYNC CORP - DEAL FOR $19.5 MILLION
    * UNISYNC CORP - DEAL CONSIDERATION ALSO HAS ISSUANCE OF 1.3
MILLION VOTING COMMON SHARES OF UNISYNC TO VENDORS
    * UNISYNC CORP- TRANSACTION IS EXPECTED TO BE IMMEDIATELY
ACCRETIVE TO UNISYNC EBITDA AND EARNINGS PER SHARE, NET OF
ACQUISITION RELATED EXPENSES
    * UNISYNC CORP - SENIOR LENDER HAS AGREED TO PROVIDE
INCREASED
CREDIT FACILITIES OF $13.5 MILLION THROUGH A COMBINATION OF
OPERATING AND TERM LOANS
    * UNISYNC CORP - ALSO ENTERED INTO AGREEMENT WITH ACUMEN
CAPITAL
FINANCE PARTNERS LIMITED, TO ISSUE C$8 MILLION OF SUBSCRIPTION
RECEIPTS

Source text for Eikon:  ID:nGNX6gBBSN 
Further company coverage:  UNI.V 

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