secwatch.observer — SEC 8-K summary
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Issuer:     FORWARD AIR CORP (FWRD)
CIK:        0000912728
Form:       8-K
Filed at:   2023-12-11T23:59:59+00:00
Accession:  0001628280-23-041248
Event type: m_and_a
Sentiment:  negative
Materiality: 0.75
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Forward Air files pro forma financials for Omni acquisition; pro forma net loss of $89.4M
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- Pro forma combined revenues for 9mo Sep 30, 2023: $2.214B; net loss attributable to common: $89.4M.
- Pro forma combined assets of $4.376B as of Sep 30, 2023, including goodwill of $1.658B.
- Estimated purchase price of ~$2.645B; comprised of $150M cash, equity, and contingent consideration.
- Financing includes $725M 9.500% senior secured notes due 2031, $1.125B term loan B, and $400M revolver.
- Pro forma EPS for 9mo 2023: basic ($3.35), diluted ($3.35) vs prior standalone FWRD EPS of $2.51.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912728/000162828023041248/0001628280-23-041248-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912728/000162828023041248/fwrd-20231211.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-041248

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer