Bass Pro Shops $5 billion acquisition of Cabela's

Overview:

• Bass Pro Shops has completed its $5.5 billion acquisition of fellow fishing and hunting equipment supplier Cabela's.
• In April of 2017, Bass Pro Shops lowered its offer from $5.5 billion to $5 billion amid regulatory scrutiny and a change of merger terms.
• The final price tag came to $61.50 per outstanding Cabela's share.
• Equity financing for the transaction was provided by Goldman Sachs and Pamplona.
• The transaction was first announced in October 2016.
• Bass Pro Shops has received $4.475 billion financing for the acquisition, which consisted of a term loan and revolving credit facilities. 
• Bank of America, Wells Fargo Securities, Citigroup Global Markets, Goldman Sachs Lending Partners, RBC Capital Markets and UBS Securities have acted as bookrunners and lead arrangers on the financing deal, while Bank of America and Wells Fargo Bank were administrative agents. 

Kurt Stumpo - Journalist