m_and_a
confidence high
sentiment neutral
materiality 0.85
Dycom to acquire Power Solutions for $1.95B in cash and stock; debt financing arranged
DYCOM INDUSTRIES INC
- Base purchase price of $1.95B; consideration includes 1,011,069 Dycom shares (valued at $292.5M) and cash.
- Debt commitments: $1B term loan A facility, $700M bridge loan, and $445M backstop facility from Bank of America and Goldman Sachs.
- Closing subject to HSR clearance, regulatory approvals, and customary conditions; outside date of May 18, 2026.
- Dycom not obligated to close before December 22, 2025; termination rights with specified outside date.
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