News Article

BRIEF-DLH announces acquisition of Danya International
Date: May 03, 2016
Source: Reuters ( click here to go to the source)

Featured firm in this article: Danya International Inc of Silver Spring, MD

* DLH announces acquisition of Danya International

* Purchase price of $38.75 million: $36.25 million cash, $2.5 million restricted stock

* Pro forma for acquisition, sees calendar year 2015 revenue and adjusted ebitda of over $100 million and $10 million, respectively

* Deal expected to be immediately accretive to earnings and cash flow

* Has entered into a new loan agreement with Fifth Third Bank providing for a $25 million term loan and $10 million revolving line of credit

* Term loan and line of credit bear interest at a rate of libor plus a margin of 300 basis points

* DLH will also use a portion of its existing cash balance to finance remainder of purchase price and transaction related expenses Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1 646 223 8780)