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Mitel Networks Corp announces updates on Mitel and Aastra merger

Monday, 27 Jan 2014 08:04am EST 

Mitel Networks Corp and Aastra Technologies Limited:Confirmed that, further to the announcement on Nov. 11, 2013 of Mitel's intention to merge with Aastra, the parties expect to close the transaction on or about Jan. 31.Says as previously announced, in conjunction with the transaction, Mitel has received term loan and revolving credit facility commitments from Jefferies Finance LLC and the Toronto-Dominion Bank of up to $405 mln.Says to both refinance its existing first lien and second lien credit facilities and to assist in financing the cash consideration for the merger with Aastra.Says Mitel expects to complete this financing concurrently with the merger. 

Company Quote

0.15 +1.26%
24 Dec 2014