$BBU Brookfield Business Partners (NYSE:BBU) agrees to purchase Toshiba’s (OTCPK:TOSBF, OTCPK:TOSYY) bankrupt nuclear power company Westinghouse Electric.
Deal price around $4.6B funded with approximately $1B of equity, 3B of long-term debt financing, and finished off with the assumption of certain operating obligations.
Brookfield Business Partners will fund approximately 50% of equity on closing using existing liquidity.
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