Reynolds Holding

JUNE 3, 2024

As EBITDA and revenue multiples on larger platform acquisitions increased through 2021 and into the early part of 2022, many sponsors turned to consolidation and “buy and build” strategies, characterized by using smaller add-on acquisitions with lower price multiples to build value.

Equity 45

Equity EBITDA Debt Financing Equity Financing 45

Brian DeChesare

MAY 29, 2024

Project Finance Definition: “Project Finance” refers to acquisitions, debt/equity financings, and new developments of capital-intensive infrastructure assets that provide essential utilities and services. In Project Finance, the model setup and underlying assumptions are completely different.

Corporate Finance 59

Corporate Finance Finance Terminal Value EBITDA 59

Benzinga

JUNE 30, 2023

billion and ~$150 million in pro forma cash on the combined company balance sheet with a combined ~12% EBITDA margin 1 , and no debt or equity financing contemplated. Industry Leading Financial Profile : Estimated LTM combined revenue of $1.2

EBITDA 40

EBITDA Equity Financing Technology Marketability 40

Benzinga

AUGUST 12, 2024

Enhancing Financial Profile: Expected to be immediately accretive to adjusted net earnings per share 3 with significant further opportunities for Adjusted EBITDA margin 3 enhancement and revenue and cost synergies. Preparing for the Future: Financing package includes equity raise to preserve flexibility for future growth.

Equity Financing 45

Equity Financing EBITDA Finance Equity 45

Musings on Markets

NOVEMBER 10, 2022

Financing expenses are expenses associated with the use of non-equity financing, and in most firms, it takes the form of interest expenses on debt, short term and long term. Capital expenses are expenses that provide benefits over many years. For a manufacturing company, these can take the form of plant and equipment.

Finance 97

Finance Start-ups Equity Equity Financing 97

Reynolds Holding

MARCH 20, 2025

However, this hypothesis may not hold if acquirers can bypass the rules by exploiting exceptions or by shifting from debt to equity financing. These rules cap the deductibility of interest if it exceeds a fixed percentage of a performance measure, such as EBITDA.

Debt Financing 45

Debt Financing Finance Equity Financing Equity 45

Benzinga

NOVEMBER 2, 2022

million, respectively, results in a third quarter 2022 net debt to annualized adjusted EBITDA ratio of 7.0x. million of undrawn forward equity, the net debt to annualized adjusted EBITDA ratio would be 6.0x. Including the Company's pro-rata share of joint venture cash and debt of $4.5 million and $53.7 Proforma for the $14.0

Dividends 40

Dividends Equity Net Debt Finance 40