Select added debt-free Pilot, paid about $600 million in cash, issued shares, and replaced its old loan facility with a $500 million credit line. A further $15 million depends on milestones, and no results or expected gains are reported, so the deal does not change Select's outlook.
Pilot joins Select's business without its debt. Select also paid cash, issued shares, and replaced its prior credit facility with a $500 million revolving line. Another $15 million depends on milestones expected in early 2027. The story gives no details on Pilot's sales, profits, or expected gains.
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