Post by
Kanatainvestor on Oct 04, 2023 6:08pm
Fully committed debt and equity financing
According to Marketscreener, PCP already secured fully committed debt and equity financing (I have not seen this mentioend anywhere else):
PCP GP, L.P. entered into a letter of intent to acquire remaining all unknown minority stake in Neighbourly Pharmacy Inc. (TSX:NBLY) for CAD 470 million on October 3, 2023. As per consideration, the Persistence Capital Partners will pay CAD 20.50 in cash for each share of Neighbourly Pharmacy. The PCP GP secured fully committed debt and equity financing.
https://www.marketscreener.com/quote/stock/NEIGHBOURLY-PHARMACY-INC-123100506/news/PCP-GP-L-P-entered-into-a-letter-of-intent-to-acquire-remaining-all-unknown-minority-stake-in-Neig-44974750/#AL