Ò»ÌÇÐÄlogoÃ×·ÆÍà Completes Equity for Debt Exchange
Ò»ÌÇÐÄlogoÃ×·ÆÍà announced that it has successfully exited its equity stake in Amentum Holdings, Inc. ("Amentum") by exchanging 19,464,174 shares of common stock of Amentum held by its wholly-owned subsidiary, Ò»ÌÇÐÄlogoÃ×·ÆÍà Engineering Group Inc. ("JEG"), for approximately £240 million aggregate principal amount of JEG term loans. The Amentum common stock was sold by BofA Securities, Inc., as selling shareholder, to investors in a registered public offering that closed on March 13, 2025. After giving effect to the transaction and the retirement of the exchanged JEG term loans, Ò»ÌÇÐÄlogoÃ×·ÆÍÃ' aggregate outstanding borrowings decreased by approximately £240 million, or the equivalent of approximately $312 million.
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