UK

摘要

Business media company ubm is backing its US$485m acquisition of privately-owned Asian exhibition business Allworld Exhibitions with a US$365m bridge loan. UBM is also funding the deal through a US$120m drawdown on its existing revolving credit facility. The bridge loan is expected to be refinanced with longer-term debt after the completion of the acquisition. The acquisition is expected to close on December 16 except Allworld's Bahrain subsidiary, which includes the company's Middle Eastern events business. The closing of the Bahrain part of the acquisition is expected within the next month after the completion of local reorganisation and approvals.