Soho House shares rise after new funding secured for take-private deal
Soho House shares rose 12.8% to $8.93 after securing new funding commitments to facilitate a take-private deal, following a previous funding failure. The company has arranged approximately $200 million in alternative commitments to support the acquisition by a group led by MCR Hotels, which has an implied enterprise value of $2.7 billion. MCR will provide a $50 million equity commitment, while Apollo Capital Management will adjust its commitment from $50 million to $30 million.
Source: MSN The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments