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Fundraise May 2016 Verified

1347 Capital Requires $65 Million Debt Financing for Limbach Acquisition

A condition to closing the business combination is that 1347 Capital will have debt financing of at least $65 million, with no less than $40 million funded at closing, to finance the acquisition of Limbach.

“that 1347 Capital will have debt financing of at least $65 million, with no less than $40 million funded at the closing of the Business Combination.”

Entities

1347 Capital Corp. · Acquirer
HVAC Sentiment: Neutral

Signals are extracted from public coverage and print archives and pinned to a verbatim quote, presented as reported by their sources; naming a company in a signal is not an accusation against it. The verified mark denotes a high-confidence, corroborated signal. See our methodology and legal notes.