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Shield To Acquire Echodyne In Transaction Valued at $5.3 Bln; Raises 2.5 Bln At $28.8 Bln Valuation

By Reuters News

Nov 5 (Reuters) - Blackstone Inc. BX.N:

  • SHIELD TO ACQUIRE ECHODYNE IN A TRANSACTION VALUED AT $5.3 BILLION AND RAISE $2.5 BILLION AT A $28.8 BILLION VALUATION

  • SHIELD: RAISING $2.5 BILLION TO SUPPORT TRANSACTION, INCLUDING $1 BILLION IN SERIES H FUNDING

  • SHIELD: $2.5 BILLION RAISE INCLUDES A $1 BILLION STRUCTURED EQUITY INVESTMENT FROM FUNDS MANAGED BY BLACKSTONE

  • SHIELD: $2.5 BILLION RAISE INCLUDES $500 MILLION IN DEBT FINANCING LED BY JPMORGAN CHASE BANK, N.A. AS SOLE ARRANGER

  • SHIELD : SERIES H FUNDING CO-LED BY DISRUPTIVE AND INNOVATION X CAPITAL

  • SHIELD: OF $5.3 BILLION TRANSACTION VALUE, UP TO AN ADDITIONAL $500 MILLION IS CONTINGENT ON ECHODYNE MEETING AGREED PERFORMANCE TARGETS

Further company coverage: BX.N

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