Implied EV/EBITDA 9.09x Post-Synergy: 7.89x
Debt Principal $900M 60.0% Leverage
Equity Check $600M Blackstone Sponsor
Annual Interest $58.5M DSCR: 3.25x
Combined Footprint 250 Coastal Hubs

Capital Uses & Pro-Forma EBITDA Bridge ($M)

Model Verification & Execution Proof

Debt Principal $900.0M
Equity Check $600.0M
Annual Interest Expense $58.50M
Implied EV/EBITDA Multiple 9.09x
Post-Synergy Combined EBITDA $190.0M
Total Combined Locations 250