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Asbury also has several other strategic acquisitions under contract, which also align with Asbury’s culture and customer centric mannequin, that are expected to add roughly $900 million in extra annualized revenues. These acquisitions are expected be funded using existing cash available and present credit score amenities. Asbury has secured committed bridge financing in assist of the acquisition, which it expects to exchange with a mix of everlasting debt and equity financing prior to closing. The equity portion of the permanent financing is at present anticipated to be roughly $600 million. The combination purchase worth of $3.2 billion includes roughly $740… Read More