Monday Morning Accounting News Brief: Details on Grant Thornton’s PE Deal; What Is ‘Presented Fairly’ Anyway? | 5.13.24
Going Concern
MAY 13, 2024
The company will have a $375 million revolving credit facility due 2029 with a springing first-lien leverage covenant. In addition to the TLB, the buyout will be funded with $1.4 billion of new cash equity from the investor group and $950 million of rollover equity, according to Moody’s. Forbes wants you to meet America’s Top 200 CPAs 2024.
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