TSX:CUS.DB.D - Post by User
Comment by
Tobuyornoton Feb 05, 2016 2:32pm
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Post# 24529435
RE:RE:RE:Slumming
RE:RE:RE:SlummingNothing is for sure but I don't see it in the charts. CUS bounced on the acquisition announcement but has been mirroring SPB perfectly since Nov. 16 or so.
The bridge financing mollifies CUS debt holders as transaction unfolds.
From the circular:
Financing Summary
While the Arrangement is not subject to a financing contingency, as part of the Arrangement, Superior has determined to refinance certain Canexus debt. As such, Superior has secured a committed $650 million bridge financing facility with National Bank of Canada and J.P. Morgan Securities LLC to complete the transaction. Permanent financing for the transaction is expected to be obtained in due course through a combination of new debt and equity issuances.