RLL Partners private equity firm has purchased Relco Inc. The purchase price is $250 million for 100%
Fantastic news! We've Found the answer you've been seeking!
Question:
RLL Partners private equity firm has purchased Relco Inc. The purchase price is $250 million for 100% of the outstanding equity of Relco Inc. plus transaction expenses. In connection with the transaction the existing debt of the Relco Inc. of $50 million will be repaid, transaction fees and expenses of $4 million will be paid, and RLL Partners will fund an $8 million environmental liability that must be paid to clean-up one of Relco's manufacturing facilities. You are preparing a sources and used of funds for the transaction. RLL Partners will invest equity of 40% of the purchase price to fund the transaction.
Related Book For
South-Western Federal Taxation 2020 Comprehensive
ISBN: 9780357109144
43rd Edition
Authors: David M. Maloney, William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman
Posted Date: