From mint · · 40s
Aegis Logistics Raises $600m for Tristar Deal
Aegis Logistics in talks with BNP Paribas, HSBC, JPMorgan to raise $600m for Tristar acquisition.
In brief
Aegis Logistics in talks with BNP Paribas, HSBC, JPMorgan to raise $600m for Tristar acquisition. Aegis Logistics plans to acquire 90% of Dubai-based Tristar Holdings for $809m using $600m in new financing. Originally reported by mint.
Funds for Tristar Deal
Aegis Logistics in talks with BNP Paribas, HSBC, JPMorgan to raise $600 million for Tristar acquisition.
Funding Structure
Considering $300 million foreign-currency debt and $250 million to $300 million equity offering.
Acquisition Details
Aegis to acquire 90% of Tristar for $809 million by end of March 2027.
Market Reaction
Shares up 87% this year, market cap $5 billion after deal announcement.
What to remember
Aegis Logistics plans to acquire 90% of Dubai-based Tristar Holdings for $809m using $600m in new financing.
