Apollo funds to acquire additional common shares of abc technologies holdings inc.

New york, feb. 14, 2022 (globe newswire) -- ap ix alpha holdings (lux) s.a r.l. (the “purchaser”), an affiliate of certain funds managed by affiliates of apollo global management, inc. (the “apollo funds”), announced today that, on february 11, 2022, it entered into purchase agreements (the “agreements”) to purchase up to 10,000,000 common shares (the “common shares”) of abc technologies holdings inc. (“abc”) from affiliates of coliseum capital management, llc (the “seller”). under the terms of the agreements, the purchaser will acquire (i) 5,000,000 common shares (the “initial transaction shares”) and (ii) if the seller participates in abc's rights offering (as further described in the rights offering circular of abc dated january 12, 2022, the “rights offering”), the 5,000,000 common shares (the “rights shares”) that may be issued to the seller pursuant to the rights offering. the purchaser will pay cad$6.25 for each common share acquired, representing aggregate consideration of cad$62,500,000.00 for both the initial transaction shares and the rights shares.
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