NYSE:ESABMachinery
ESAB’s US$1b Eddyfi Deal Tests Debt Capacity And Undervaluation Thesis
ESAB Corporation (NYSE:ESAB) has priced a US$1b senior notes offering to fund the acquisition of Eddyfi Holding Inc.
The deal is structured as a debt financed transaction, with the notes backed by guarantees from ESAB subsidiaries.
This move follows a period of slower organic sales growth and reflects management’s focus on acquisitions to support expansion.
ESAB, known for welding, cutting and gas control equipment, is moving to add Eddyfi’s testing and inspection capabilities to its...