Fri 12/16/2022 11:22 AM
Maxar
announced this morning that it has agreed to be acquired by affiliates of Advent International Corp. and British Columbia Investment Management Corp., or BCI, for $4 billion; including debt, the transaction is valued at approximately $6.4 billion.
The transaction will result in Advent and BCI beneficially owning more than 50% of Maxar’s voting stock and thus will constitute a change of control, triggering an event of default under its senior secured term loan and RCF (although the...
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