M&A
confidence high
sentiment neutral
materiality 0.60
Regal Rexnord updates pro forma financials for Altra acquisition; FY2021 net loss $192.6M
REGAL REXNORD CORP
- Altra acquisition consideration: $62.00 per share in cash, ~$5.5B bridge loan facility.
- Pro forma balance sheet as of Sep 30, 2022: total assets $16.05B, long-term debt $7.16B.
- Pro forma net income for nine months Sep 30, 2022: $256.9M, diluted EPS $3.81.
- Pro forma net loss for year ended Jan 1, 2022: $(192.6M), diluted EPS $(2.85).
- Pro forma adjustments include $4.7B in new notes and $0.84B term loan upsize.