15th Jun 2018 18:10
LONDON (Alliance News) - Silver Lake Management Co V LLC on Friday said it has amended and restated a senior facilities agreement to satisfy court requirements to acquire ZPG PLC.
Back in May, ZPG accepted a takeover offer made by Zephyr Bidco Ltd, a subsidiary of funds managed by technology-focused private equity investor Silver Lake. The offer valued each ZPG share at 490.00 pence in cash, and the entire group at GBP2.20 billion.
Shares in ZPG closed 0.1% lower at 490.00p each on Friday.
Silver Lake said it plans to re-tranch the term loan facilities into a sterling denominated tranche of GBP395.0 million and an euro dominated tranche of EUR400.0 million.