Esco Technologies Secures Deal and Financing for Acquisition
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Esco Technologies Secures Deal and Financing for Acquisition

Esco Technologies (ESE) has provided an update.

The Registrant, with its subsidiaries, has agreed to acquire various companies from Ultra Electronics Holdings Limited for approximately $550 million, adjusting for customary financial factors. The deal, subject to regulatory approvals, includes clear conditions and restrictions, such as antitrust clearance and adherence to the UK’s National Security and Investment Act. To fund the acquisition, the Registrant has arranged for a mix of credit facilities and loans, including a potential $350 million senior incremental term loan and backup financing options, to ensure the transaction’s successful closure.

See more data about ESE stock on TipRanks’ Stock Analysis page.

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