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billion in netdebt, reducing total debt to GBP 17.5 (USD Furthermore, the company increased dividends by 10% and announced that it will buy back GBP 2.3 (USD At this year’s event this goal was reduced by 15%, meaning fossil fuel output will only decrease by 25% by 2030. billion worth of shares.
The financing of the Transaction, including the Equity Offering and contemplated Debt Offerings, has been structured to maintain the investment grade ratings and outlooks assigned to Gibson by DBRS and S&P. range stated in Gibson's Financial Governing Principles 11.
Including the Company's pro-rata share of joint venture cash and debt of $4.5 million, respectively, results in a third quarter 2022 netdebt to annualized adjusted EBITDA ratio of 7.0x. million of undrawn forward equity, the netdebt to annualized adjusted EBITDA ratio would be 6.0x. million and $53.7
pro forma netdebt to adjusted EBITDA ratio 3 upon closing 7. WSP expects 2026 Accretion 3 (as defined below) to be in mid-single digits once cost synergies are fully realized. 5 Expected cost synergies of a minimum of approximately US$25 million are expected to be achieved by the end of 2026, with 50% expected to be realized in 2025.
Just as important, this combination results in a financially stronger company with no netdebt, significant cash on the balance sheet and the size and scale to better fund and execute on a robust set of organic opportunities while delivering accretive long-term growth objectives.
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