Extracted from this filing and checked against the source text.
M&A Transactions
SEC 8-K Item 2.01/5.01
confidence 1.0
Pursuit Attractions & Hospitality, Inc. completed a disposition involving TL Voltron Purchaser, LLC for $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expe (closed 2024-12-31).
- Action
- disposition
- Counterparty
- TL Voltron Purchaser, LLC
- Consideration
- $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expe
- Closing
- 2024-12-31
Exact text from the filing
On December 31, 2024 (the “Closing Date”), the Company completed the previously announced sale of its GES business (“GES”) to TL Voltron Purchaser, LLC, a Delaware limited liability company (“Buyer”), pursuant to the Equity Purchase Agreement (the “Purchase Agreement”), dated as of October 20, 2024 (such transaction, the “Transaction”). Pursuant to the Purchase Agreement, Buyer acquired GES for aggregate consideration of $535 million, consisting of a base purchase price of $510 million, subject to customary adjustments for cash, indebtedness, working capital and transaction expenses, each as set forth in the Purchase Agreement, and a deferred purchase price of $25 million payable by Buyer to the Company one year after the Closing Date.
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