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SALTIRE CAPITAL LTD. ANNOUNCES PROPOSED ACQUISITION OF SANSTONE INVESTMENTS LIMITED, CREDIT FACILITY WITH SAGARD CREDIT PARTNERS II, LP, CONCURRENT PRIVATE PLACEMENT AND INTENTION TO SEEK WRITTEN SHAREHOLDER CONSENT
SALTIRE CAPITAL LTD. ANNOUNCES PROPOSED ACQUISITION OF SANSTONE INVESTMENTS LIMITED, CREDIT FACIL...
About this update from Saltire Capital Ltd. Class A
[{"type":"text","content":"\n\n\n\n SALTIRE CAPITAL LTD. ANNOUNCES PROPOSED ACQUISITION OF SANSTONE INVESTMENTS LIMITED, CREDIT FACILITY WITH SAGARD CREDIT PARTNERS II, LP, CONCURRENT PRIVATE PLACEMENT AND INTENTION TO SEEK WRITTEN SHAREHOLDER CONSENT\n \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 Canada NewsWire\n \n\n\n\n / NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE U.S. /\n \n\n\n\n TORONTO\n \n\n ,\n \n\n July 25, 2025\n \n\n /CNW/ -\n \n Saltire Capital Ltd.\n \n (\"\n \n Saltire\n \n \" or the \"\n \n Company\n \n \") (TSX: SLT, SLT.U, SLT.WT.U) is pleased to announce that it has entered into a definitive agreement (the \"\n \n Purchase Agreement\n \n \") to purchase (the \"\n \n Acquisition\n \n \"), indirectly through a wholly-owned subsidiary (the \"\n \n Purchaser\n \n \"), 100% of the voting common shares of SanStone Investments Limited (\"\n \n SanStone\n \n \"), a leading owner and operator of heavy equipment dealerships and agricultural equipment dealerships in\n \n Eastern Canada\n \n that owns and operates the Wilson Equipment and Tidal Tractor dealership brands. Concurrently with the execution of the Purchase Agreement, the Company is also pleased to announce that it has (i) entered into a loan agreement (the \"\n \n Loan Agreement\n \n \") with, among others, Sagard Holdings Manager LP, as administrative agent and collateral agent, and Sagard Credit Partners II, LP (\"\n \n\n Sagard\n \n\n \") and the other lenders party thereto from time to time (the \"\n \n Lenders\n \n \"), pursuant to which the Lenders will, subject to the satisfaction of certain conditions precedent, make available certain credit facilities to Saltire up to an aggregate principal amount of\n \n US$100 million\n \n (the \"\n \n Credit Facility\n \n \"), and (ii) launched a brokered private placement (the \"\n \n Private Placement\n \n \" and, together with the Acquisition and Loan Agreement, the \"\n \n Transactions\n \n \") of up to 424,448 common shares in the capital of the Company (\"\n \n Common Shares\n \n \") a...