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BRIEF-Nextpoint Acquisition Corp To Acquire Liberty Tax And Loanme

Published 2021-02-22, 07:36 a/m
© Reuters.

Feb 22 (Reuters) - Nextpoint Acquisition Corp NACu.TO :

* NEXTPOINT ACQUISITION CORP. TO ACQUIRE LIBERTY TAX AND LOANME TO CREATE ONE-STOP FINANCIAL SERVICES DESTINATION FOR CONSUMERS AND SMALL BUSINESSES

* NEXTPOINT ACQUISITION CORP - DEAL FOR PRO FORMA COMBINED TOTAL ENTERPRISE VALUE OF US$643 MILLION

* NEXTPOINT ACQUISITION CORP - COMBINED BUSINESS TO BE NAMED NEXTPOINT FINANCIAL INC

* NEXTPOINT ACQUISITION CORP - US$25 MILLION FULLY-COMMITTED PIPE LED BY LEON COOPERMAN

* NEXTPOINT ACQUISITION CORP - NEXTPOINT WILL ACQUIRE LIBERTY TAX AT AN ENTERPRISE VALUE OF APPROXIMATELY US$252 MILLION

* NEXTPOINT ACQUISITION CORP - COMBINED BUSINESS WILL BE LED BY BRENT TURNER, AS CEO, AND ANDY NEUBERGER AS CHAIRMAN

* NEXTPOINT ACQUISITION CORP - NEXTPOINT WILL ACQUIRE LOANME AT AN ENTERPRISE VALUE OF APPROXIMATELY US$102 MILLION

* NEXTPOINT ACQUISITION CORP - NEXTPOINT HAS OBTAINED A COMMITMENT FOR A NEW US$200 MILLION REVOLVING CREDIT FACILITY

* NEXTPOINT ACQUISITION CORP - WILL ACQUIRE LIBERTY TAX AT ENTERPRISE VALUE OF ABOUT US$252 MILLION, US$182 MILLION OF WHICH IS PAYABLE IN CASH

* NEXTPOINT ACQUISITION CORP - NEXTPOINT WILL ACQUIRE LOANME AT ENTERPRISE VALUE OF ABOUT US$102 MILLION, US$18 MILLION OF WHICH IS PAYABLE IN CASH

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