X-Rite Acquiring Pantone to Extend Reach in the Color Industry

Organization of the Combined Entity:

Pantone will become a new business unit within X-Rite. Current Pantone leaders will continue to play key roles in the organization.

Financing:

This transaction will be funded exclusively with cash, which will be financed through new borrowings. Merrill Lynch, Fifth Third Bank, National City Bank, LaSalle Bank and GoldenTree Asset Management, LP have committed to a total debt package of up to $415 million to fund the transaction and refinance X-Rite’s existing debt.