Cubic Corporation Receives Commitment for $275 Million in New Liquidity From Existing Financial Sponsors and Lenders
United States, July 2 -- Cubic Corporation announced that it has reached an agreement on the terms of a financing transaction (the "Transaction") under which the Company will raise $275 million in new liquidity and recapitalize the Company's debt. The Transaction, which is supported by the Company's existing lenders and sponsors, extends Cubic's credit maturities, optimizes its capital structure and positions Cubic to further accelerate its long-term growth. The benefits of the Transaction will include:* $275 million of new liquidity at closing to support operations and accelerate investment in the Company's growth initiatives. o Sponsors providing $170 million of Common Equity, highlighting continued commitment to the business.* $200+ mill...
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