Pace signals it wants loan for $475m 2Wire takeover

27 Jul 2010

Pace, the UK digital TV technology firm, is arranging a new loan with its banks to back its proposed acquisition of US software firm 2Wire.

The acquisition, for a cash consideration of $475m, will be funded by existing cash reserves and the new facility. Banks have received letters of intent for the deal, which is expected to be completed before the end of the year.

Pace already has a standby £35m revolver with Royal ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.

Oops, something went wrong

We're sorry but at the moment we can't load this data