via a SPAC merger with Mountain Crest Acquisition, adding to the SPAC craze that has taken off in 2020.
The late founder of Playboy, Hugh Hefner, had taken the magazine company private in 2011 with the help of private equity. The merger is valued at $381 million, including net debt outstanding of $142 million. Playboy is set to receive more than $100 million in cash in the deal, which will be used to fund Playboy's growth plans.
The deal has been approved by the boards of both Playboy and Mountain Crest Acquisition, and is expected to close in the first quarter of 2021. According to the company, Playboy is projecting year-over-year growth of 68% in adjusted revenue and 106% in adjusted Ebitda in 2020. Additionally, the company has over $400 million in cash flows contracted through 2029. Learn more about theStart your day knowing what traders are talking about.
TheOnion
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:
Sverige Senaste nytt, Sverige Rubriker
Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.
Inside MatPat's Game Theory YouTube strategy and business: interview - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Top SPAC bankers, lawyers, and investors behind the blank-check boom - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Joe Lonsdale: Why we built Palantir and what's next after going public - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. i think you guys misread it - it already has done so multiple times over. But appreciate you sharing the op-ed!
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Business Insider webinar on the race for a coronavirus vaccine - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Still struggling with forex trading or becoming A Profitable trader? I can help you invest in forex, without sending money to anyone, No need to pay for Signals, learn how to invest and generate income all by yourself. Inbox me for more info.📊📈 USA’s cultural traditions are proving deadlier since Spring Break parties in East & Southeast beaches caused hot spots of Covid19 in Spring 2020. Now Football, tailgating and Homecoming parades most likely bring Covid19 spikes this Fall. What is it with this cultural thing?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »
Apple CEO Tim Cook granted nearly $40 million in Apple stock - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. wew But where is the new iPhone?
Källa: BusinessInsider - 🏆 729. / 51 Läs mer »