Payment in December?The performance based earnout being triggered means Amco is performing as expected which is good news. (Grew 8% q over q last quarter). Paying half of the earnout without using the revolver is good news. Would've been better news if they paid it all without revolver but I don't think anyone expected that. The company needs some cash on hand to run the day to day business so keeping a cushion makes sense.
Interesting part: How is the payment moved from October to December? Does it mean Cinven has agreed to new terms? Seems like they are partnering not trying to scoop the business back?