Financing of the Acquisition. The cash consideration payable to the St. Modwen Shareholders under the terms of the Acquisition will be financed by equity to be invested by Blackstone Funds. In connection with the financing of Bidco, Blackstone Funds have entered into the Equity Commitment Letter. Rothschild & Co in its capacity as financial adviser to Bidco, is satisfied that sufficient resources are available to Bidco to satisfy in full the cash consideration payable to the St. Modwen Shareholders under the terms of the Scheme. Further information on the financing of the Acquisition will be set out in the Scheme Document.
Financing of the Acquisition. Intact financing The Cash Consideration payable by Bidco to RSA Shareholders under the terms of the Acquisition will be funded by a combination of: bridge facilities with aggregate total commitments of £1,465 million (together, the "Intact Bridge Facilities") and a £350 million term loan facility (the "Intact Term Loan Facility") jointly arranged by Barclays Bank PLC and CIBC (the "Joint Lead Arrangers") pursuant to a bridge and term loan credit agreement dated 18 November 2020 (the "Intact Credit Agreement"). It is expected that one or more of the Intact Bridge Facilities will be replaced in whole or in part in due course by other sources of financing, as further described below; a private placement pursuant to subscription agreements (the "Cornerstone Subscription Agreements") dated 11 November 2020 between Intact and subsidiaries of each of Caisse de depot et placement du Quebec, Canada Pension Plan Investment Board and Ontario Teachers' Pension Plan Board (together, the "Cornerstone Investors"), under which the Cornerstone Investors have agreed to purchase subscription receipts of Intact for aggregate proceeds of CAN$3.2 billion (the "Cornerstone Private Placement"), with each subscription receipt entitling the holder thereof to receive one common share of Intact on Completion (subject to, in the case of Caisse de depot et placement du Quebec only, receipt of necessary regulatory approvals in relation to a portion of its subscription, which is covered under the Intact Bridge Facilities until regulatory approvals are obtained). The closing of the Cornerstone Private Placement is anticipated to occur 7 calendar days after the date of this announcement; and a share purchase agreement between Canada Holdco and Tryg (the "Tryg SPA") pursuant to which Tryg will purchase shares in Scandi JVco from Canada Holdco for an aggregate consideration of approximately £4.2 billion (subject to adjustments to reflect further RSA Shares issued on or before the Scheme Record Time), as part of the intragroup reorganisation (as described in paragraph 3 above). The Intact Credit Agreement was entered into in order to satisfy the "certain funds" requirement under the Takeover Code. Intact intends to replace the Intact Bridge Facilities, in whole or in part, with other sources of financing. On 12 November 2020, Intact entered into an agreement with a group of underwriters led by CIBC Capital Markets and Barclays Capital Canada Inc. (the "Lead Underwriters"), for the issua...
Financing of the Acquisition. The Consideration payable by Regent pursuant to the Acquisition will be funded from existing cash resources available to Regent Gas Holdings Limited (“RGHL”) and Regent Gas Limited (“RGL”) and transferred to Regent pursuant to inter-company loans between RGHL and RGL, and RGHL and Regent. SPARK, in its capacity as financial adviser to Regent, is satisfied that sufficient resources are available to Regent to satisfy in full the Consideration payable to TClarke Shareholders pursuant to the terms of the Acquisition.
Financing of the Acquisition of the Initial and Additional Improvements. Applicant, in order to proceed in a timely way with development of the Property, may initiate construction of Additional Improvements that will, following the completion of the construction thereof, be acquired, owned, operated and maintained by the City. Applicant shall solicit bids for the construction of each of the Additional Improvements from not less than three (3) contractors and Applicant shall award the construction contract for each of the Additional Improvements to that contractor submitting the lowest responsible bid for such work and that the design and the construction of each of the Additional Improvements shall be undertaken in conformity with the following requirements:
Financing of the Acquisition. The cash consideration payable to Merlin Shareholders under the terms of the Acquisition will be financed by a combination of equity to be invested by the Blackstone Funds, CPPIB and KIRKBI and debt to be provided under an Interim Facilities Agreement arranged by Bank of America Xxxxxxx Xxxxx International Designated Activity Company and Deutsche Bank AG, London Branch. The Blackstone Funds and CPPIB may syndicate part of their funding commitments. Lazard is satisfied that sufficient resources are available to Bidco to enable it to satisfy in full the cash consideration payable to Merlin Shareholders under the terms of the Acquisition.
Financing of the Acquisition. The Acquisition will be funded from a combination of proceeds of the Equity Capital Raising, new debt facilities and Colfax’s existing cash resources.
Financing of the Acquisition a. Commitment to Borrow. Regardless of the nature, amount and cost of other funds (internal or external) available to Obligor, Obligor agrees to fund the Acquisition with amounts borrowed pursuant to this Agreement and the Note (defined below).
Financing of the Acquisition. The Group will finance the Acquisition using its existing cash resources and existing unsecured credit facilities. The Acquisition is not expected to have any material impact on the consolidated earnings per share and the consolidated net tangible assets per share of the Group for the current financial year.
Financing of the Acquisition. The Cash Consideration payable by Petrichor under the terms of the Acquisition will be funded from the existing cash resources of Petrichor which are drawn and fully funded. Spark, in its capacity as financial adviser to Petrichor, is satisfied that sufficient resources are available to satisfy in full the Cash Consideration payable to Egdon Shareholders under the terms of the Acquisition.
Financing of the Acquisition. The cash consideration payable to the GCP Shareholders under the terms of the Acquisition will be financed by (a) in respect of the portion of the cash consideration being funded by Scape Living, equity to be invested by APG pursuant to the APG Equity Commitment Letter and (b) in respect of the portion of the cash consideration being funded by iQ, a combination of equity to be invested by the Blackstone Funds pursuant to the Blackstone Equity Commitment Letter and debt to be provided under a Senior Facilities Agreement arranged by Acrefi Mortgage Lending, LLC and Blackstone Mortgage Trust Inc. Citi and Lazard, in their capacities as joint financial advisers to Bidco, are satisfied that sufficient resources are available to Bidco to enable it to satisfy in full the cash consideration payable to the GCP Shareholders under the terms of the Acquisition.
