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DewDiligence

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DewDiligence

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Re: DewDiligence post# 651

Wednesday, 02/21/2024 3:05:58 PM

Wednesday, February 21, 2024 3:05:58 PM

Post# of 664
Further details of 3M/SOLV capitalization:

SOLV will sell $8.4B of new debt, keeping $600M of the proceeds and paying $7.7B as a one-time (tax-free) dividend to 3M. (~$100M of the debt proceeds will go to underwriting fees.)

After the debt issuance and one-time payment to 3M, SOLV will have a debt/EBITDA ratio of ~3.5.

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