Business
K-Bro Announces Filing of Final Short Form Prospectus and Refiling of Business Acquisition Report
K-Bro Announces Filing of Final Short Form Prospectus and Refiling of Business Acquisition...
About this update from K-bro Linen Inc.
[{"type":"text","content":"\n\n\n\nK-Bro Announces Filing of Final Short Form Prospectus and Refiling of Business Acquisition Report\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n\n\n\n\n\n\n\nCanada NewsWire\nEDMONTON, Dec. 4, 2017\n\n\n\n/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR DISSEMINATION IN THE UNITED STATES/\n\n(TSX:KBL)\n\n\n\nEDMONTON, Dec. 4, 2017 /CNW/ - K-Bro Linen Inc. (\"K-Bro\" or the \"Corporation\") today announced that it has filed a final short form prospectus in each of the provinces and territories of Canada to qualify the distribution of 804,000 common shares of the Corporation (\"Shares\"). The Shares are being issued pursuant to the previously announced public offering of Shares, on a bought deal basis, at a price of $37.35 per Share representing aggregate gross proceeds of $30,029,400 (the \"Offering\") announced on November 21, 2017. The final short form prospectus also qualifies the distribution of up to an additional 120,600 Shares at a price of $37.35 per Share, granted to the underwriters as an over-allotment option, exercisable for a period of 30 days following the closing of the Offering. The Offering is expected to close on or about December 12, 2017, subject to satisfying certain closing conditions, including final approval of the Toronto Stock Exchange.\n\nIn addition, K-Bro announced that it has filed an amended and restated business acquisition report (the \"Amended BAR\") relating to the acquisition of Fishers Topco Ltd. (the \"Acquisition\") following discussions with the Alberta Securities Commission.  The Amended BAR amends K-Bro's business acquisition report dated November 27, 2017 (the \"Original BAR\"). The Amended BAR supersedes the Original BAR and now presents earnings before interest, tax, depreciation and amortization (\"EBITDA\") as a single subtotal in the pro forma statements of earnings and comprehensive income, excluding any other adjusting items. A reconciliation of EBITDA and adjusted EBITDA excluding certain one-time exceptional costs and other non-cash charges can be found in the appendix of the amende...