Broader Market Weakness Weighs On DealThe cash portion of the Ranger deal is expected to partly be paid for by expanding credit facilities - or in other words borrowing money from banks.
"The cash portion of the acquisition is expected to be funded, in part, through expanded credit facilities and the issuance of debt securities."
So today's resilient labour market data means that interest rates could be hiked to fight inflation and that the cost to finance the deal could increase - leading to pressure on BTE's share price.