Perimeter Solutions closes SPAC merger with EverArc, issues $675M 5% notes

Perimeter Solutions, Inc.

Business combination closed Nov 9, 2021; Perimeter Solutions begins trading on NYSE under PRM.
Issued $675M 5.000% senior secured notes due 2029 to fund cash consideration and expenses.
Entered $100M senior secured revolving credit facility maturing Nov 9, 2026 with LIBOR + 3.25% margin.
PIPE raised $1.163B at $10/share from institutional investors, management, and directors.
Assumed EverArc warrants ($12, 3yr); founder advisory with variable payouts up to $42M in year one.

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