Xplore Creditors, Owner Near Deal to Inject $500m-Plus Into Firm

Xplore is finalizing details of a financing plan that would give the Canadian broadband firm at least $500 million from lenders and private equity owner Stonepeak Partners for network expansion, according to people familiar with the situation.

• A deal is expected to be wrapped up within the next few weeks, said the people, who asked not to be identified discussing a private matter
  • The financing will be a mixture of debt and equity, open to all lenders and also have a debt for equity component
• NOTE: Xplore said early this week it would use the Canada Business Corporations Act as ...