Hubbell (HUBB) closed the acquisition of DMC Power from an affiliate of Golden Gate Capital.
The $825 million cash deal was announced on Aug. 12.
The takeover and related transactions were financed with net proceeds from borrowings under a new $600 million term loan facility and issuances of commercial paper, Hubbell said Wednesday in a statement.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.