FIP's subsidiary agreed to buy DRUbit at a $255 million whole-business value, with about $190 million of debt expected to remain and a $72 million loan planned. The deal still needs closing steps and carries a $15.3 million fee in specified buyer-breach cases, but the filing gives no expected sales or profit to show whether it helps FIP.
The filing gives no expected sales, profit, or savings from DRUbit, so it does not show what FIP may gain. FIP would also take on existing debt and arrange a new loan. The deal still needs closing steps, and a fee could apply if FIP breaches specified terms.
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