💙 🔷 Not impressed by Big Tech in Q3? Explore these Blue Chip Bargains insteadExplore for free

BRIEF-Redknee Solutions announces US$80 mln private placement

Published 2016-12-09, 08:57 a/m
© Reuters.  BRIEF-Redknee Solutions announces US$80 mln private placement
OPT
-

Dec 9 (Reuters) - Redknee Solutions Inc RKN.TO :

* Redknee Solutions Inc - net proceeds of transaction will also be used to fund previously announced restructuring costs

* Redknee Solutions Inc - entered into an agreement with a subsidiary of Constellation Software Inc providing for an investment of US$80 million in Redknee

* Redknee Solutions- net proceeds of transaction to be used to repay indebtedness of about US$53 million under company's senior secured credit facility

* Redknee Solutions- pursuant to constellation agreement, Constellation's unit will be entitled to elect number of directors to be a majority of board

* Redknee Solutions Inc announces US$80 million private placement Source text for Eikon: ID:nCNWMXyL9a Further company coverage: RKN.TO

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.