Dallas-based distribution giant Fleming Cos. is to offer 8 million shares of common stock and US$200m of senior notes. The company said yesterday [Tuesday] that it will use the net proceeds from both the offerings and borrowings to repay debt and to fund obligations connected to its acquisition of Core-Mark International Inc.
The company said yesterday [Tuesday] that it will use the net proceeds from both the offerings and borrowings to repay debt and to fund obligations connected to its acquisition of Core-Mark International Inc.
Fleming expects both of these transactions to be completed during the Q2, ending in July.
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