M&A Update – September 4

– DHC / OPI terminated merger (target DHC was trading 143% through the consideration)
– NEX / PTEN deal closed
– GHL refinanced its term loan with promissory note from MFG
– CPRI / TPR increased credit facility from $1.25 billion to $2.0 billion, entered into a term loan agreement for $1.4 billion, and reduced bridge loan from $8.0 billion to $6.6 billion, to finance merger
– AVID / STG filed PREM14a, closing Q4
– TSX closed
– NYSE closed
– EDGAR closed