This amount reflects a preliminary adjustment of US $2.1m to the net working capital on the previously announced US $150.0m consideration and is subject to additional adjustments.
Lassonde has a beneficial ownership of 90% of Apple & Eve. Members of the Lassonde family own the remaining 10% equity interest through their existing equity interest in the acquiring US subsidiary and a proportionate capital contribution to the acquisition financing.
The acquisition and certain fees have been financed as follows: US $75.0m under the term credit facility of a Lassonde US subsidiary, US $67.5m from a combination of cash, cash equivalents on hand and Lassonde’s Canadian operating credit facility, with the remaining US $7.5m provided by equity investment of members of the Lassonde family.
Financing fees are estimated at US $2.0m while other fees related to the transaction are estimated at US $3.5m.
Source: Lassonde
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