Avison Young Recapitalization Provides “War Chest” for Further Growth
Avison Young’s newly announced recapitalization does more than deleverage the company’s balance sheet debt-to-EBITDA ratio to less than 3x, reduce debt and preferred equity by nearly 70% and give key financial partners a common equity position, although it accomplishes all of…
Summary
Avison Young’s newly announced recapitalization does more than deleverage the company’s balance sheet debt-to-EBITDA ratio to less than 3x, reduce debt and preferred equity by nearly 70% and give key financial partners a common equity position, although it accomplishes all of these.
“We’re pretty excited,” Avison Young chair and CEO Mark E.
Rose told Connect CRE. “This gives us the war chest to do the things that we’re known for”–namely,... The post Avison Young Recapitalization Provides “
Source
- Connect CREconnectcre.com
