July 5 (Reuters) - Superior Plus Corp SPB.TO :
* To sell construction products distribution business to
Foundation Building Materials, LLC
* Transaction will also initially result in a reduction of
superior's adjusted operating cash flow from date sale is
completed
* Proposed reduction of indebtedness under credit facility
is expected to lower co's leverage ratio to range of about 2.0 -
2.5x EBITDA
* Superior plus to sell construction products distribution
business for us $325 million
* Proceeds from sale of CPD segment will initially be used
to repay indebtedness under superior's credit facility
Source text for Eikon: ID:nMKWtyMQKa
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