BRIEF-MN8 Energy To Acquire Greenbacker Renewable Energy Company In A Deal Valued At Up To $375 Mln

July 22 (Reuters) - MN8 Energy:

  • MN8 ENERGY TO ACQUIRE GREENBACKER RENEWABLE ENERGY COMPANY LLC, CREATING A TOP-TIER AMERICAN POWER PLATFORM

  • MN8 ENERGY: CO WILL ACQUIRE GREENBACKER IN A CASH-AND-EQUITY TRANSACTION VALUED AT UP TO APPROXIMATELY $375 MILLION

  • MN8 ENERGY: GREENBACKER SHAREHOLDERS WILL RECEIVE CONSIDERATION VALUED AT APPROXIMATELY $1.71 PER SHARE

  • MN8 ENERGY: COMBINED ADJUSTED EBITDA PLUS P&I FOR COMBINED CO IS EXPECTED TO BE APPROXIMATELY $501 MILLION ON A RUN-RATE BASIS

  • MN8 ENERGY: JON YODER WILL CONTINUE AS PRESIDENT AND CEO OF COMBINED COMPANY UPON COMPLETION OF TRANSACTION

Source text: ID:nBw8JW4bca

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