Count Ltd secures acquisition and enhanced credit facility
Key points
- Acquisition of Oracle Group not requiring notification from ACCC
- Acquisition expected to complete in coming weeks
- Enhanced debt funding facility with CBA secured
Full summary
Count Limited (ASX: CUP) announced that its acquisition of the Oracle Group is not required to be notified by the Australian Competition and Consumer Commission, allowing the acquisition to proceed. The acquisition is expected to complete in the coming weeks, subject to conditions. Additionally, Count has secured an enhanced debt funding facility with the Commonwealth Bank of Australia, comprising a $77.0 million acquisition facility, an additional $33.0 million credit-approved accordion facility, and a $6.6 million working capital facility. This facility will replace existing debt facilities with Westpac Banking Corporation.
Guidance
None
Outlook
None
Summary generated by a large language model. Please interpret with care.