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Pace Signs Definitive Documentation For Financing Of Proposed Acquisition Of 2Wire - Quick Facts
September 1, 2010, Wednesday, 14:25 GMT | 09:25 EST | 18:55 IST | 21:25 SGT
(RTTNews) - Digital TV technologies developer Pace plc (PIC.L) Wednesday said it signed definitive final documentation with HSBC Bank plc and The Royal Bank of Scotland plc in respect of fully underwritten facilities to fund, in part, the company's proposed acquisition of 2Wire, Inc.
The facilities consist of a $300 million Term Loan Facility and a $150 million Multicurrency Revolving Credit Facility.
The company added that the acquisition of 2Wire remains conditional on certain conditions including regulatory consents and Pace shareholder approval at a General Meeting. The company has at the same time canceled the GBP 35 million revolving facility with The Royal Bank of Scotland plc.
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