M&A
confidence high
sentiment neutral
materiality 0.55
ATN provides historical and pro forma financials for Alaska Communications acquisition
ATN International, Inc.
- Purchase price ~$353M funded with $210M term loan, $35M revolver, $72M from Freedom 3, $63M from CoBank revolver.
- Audited 2020 and unaudited Q1 2021 financials of Alaska Communications filed; pro forma combined statements included.
- Pro forma combined total assets $1.61B, total equity $732M as of March 31, 2021.
- Pro forma combined revenue $185M, net income $1.0M for Q1 2021; Alaska Comms contributed $60.7M revenue.