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  5. TFII: Did TFII indicate a financing was necessary for their acquisition? [TFI International Inc.]
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Q: Did TFII indicate a financing was necessary for their acquisition?

Thx Blake
Asked by blake on December 22, 2023
5i Research Answer:

TFII stated that the transaction had a total enterprise value of $1.1B. TFII expects to fund the transaction using cash balances and available financing sources. TFII will require financing due to the deals size, but it looks like they will do this through available debt arrangements. It does not sound like they will need to issue shares for this.  

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