Helen of Troy completes $229.4M acquisition of Olive & June; funds with $235M revolver draw

HELEN OF TROY LTD

Olive & June 2024 net sales expected ~$92M; acquisition immediately accretive to revenue growth, gross margin, adjusted EBITDA margin, adjusted EPS, and free cash flow.
Initial cash consideration $229.4M net of cash acquired, plus up to $15M contingent earnout over 3 years.
Borrowed $235M under revolving credit facility; pro forma net leverage ratio 3x at closing.
Swapped $550M (56% of floating borrowings) to fixed SOFR 3.9% through February 2026.
Helen of Troy to update fiscal 2025 outlook including Olive & June on Jan 9, 2025 with Q3 earnings.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.