April 13, 2016 / 6:22 PM / 2 years ago

BRIEF-People Corp buys all of the voting shares of BPA Financial Group

April 13 (Reuters) - People Corp :

* Says BPA Financial Group Limited is partnering with People Corporation group of companies

* Transaction will be immediately accretive to EBITDA per share

* Says closing purchase price was funded by a draw of $18.2 million on company’s expanded senior credit facility

* Company has purchased 100 pct of voting shares of BPA

* Purchase price is comprised of a payment of $18.2 million paid at closing and a payment of $0.5 million payable in September 2018

* Says Canadian Imperial Bank Of Commerce, has expanded size of company’s credit facility and has extended its term

* Says senior credit facility has been increased by $26.2 million to total of $61.2 million, an increase over current facility of $35.0 million Source text for Eikon: Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below