The acquisition price of approximately $74 million was financed through various financing arrangements providing for (i) a combination of senior secured debt facilities (comprised of an acquisition term facility of up to $65 million and a $10 million revolving facility) provided by a syndicate of lenders led by National Bank of Canada; and (ii) $25 million of equity financing. In addition, New Look concluded on December 19, 2013, an arrangement for a $15-million junior unsecured debt facility with the Fonds de solidarité des travailleurs du Québec (F.T.Q.), which was used to reduce the draw on the acquisition term facility referred to above.The combined entity will have revenues exceeding $128 million. It will also have a store network in excess of 140 locations, making it the third largest Canadian integrated retail optical company and the eighth largest in North America.With respect to the equity financing, New Look completed a “bought deal” private placement … [Read more...] about New Look Eyewear Acquires Vogue Optical
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A New Look spokesman said: “To ensure pricing differences like these don’t happen in future, we are in the process of reviewing the pricing structure of our plus size collection in a way which works best for our customers and our business. … [Read more...] about New Look slammed over ‘fat tax’ after charging up to 30 per cent more for plus-size clothes
I hope that when the review is eventually published it turns out to be more than a simple whitewash and leads to major changes in the way the county’s roads are maintained – and in particular that the urban estate roads in the major towns are given the attention they deserve. … [Read more...] about Does the new-look Suffolk administration stand up to close scrutiny?
Work on the £2 million revamp is seeing the existing building expanded into a state-of-the-art facility with improvements to the sports hall and changing rooms, along with a new multi-use studio, spinning studio and a new 75-station gym featuring the latest equipment. … [Read more...] about New look Norfolk leisure centre nears completion
The five defendants are on trial for a string of shootings that killed five people. Defense lawyers say their clients’ glasses are just part of a professional look. But some prosecutors following the trial suggest something more sinister is afoot. … [Read more...] about Defendants Increasingly Don ‘Hipster’ Glasses; Murder Prosecutor Gets New Look on the Record