RE:TWM ALTA GAS dealJust keep in mind that $325 million is in Altagas stock and TWM will likely be restricted in selling that stock for 2-3 years. Still, even if they just take the dividend on Altagas which is 4%, that's not too shabby.
They are currently paying 9.5% on their excess borrowings to get the HDRD facility done and 6.5% interest on their regular facility, so this transaction will just be accretive from a cash flow perspective.
This is a great deal - I'm happy that TWM is starting to execute and that long-holding shareholders will be rewarded (hopefully as I'm writing this before market opens).