CSG plans $1.11 billion of debt for Vista Sporting Products buy

By Sara Rosenberg

New York, Oct. 16 – CSG Elevate II Inc. has received a commitment for $1.11 billion of debt financing to help fund the acquisition of Vista Outdoor Inc.’s Sporting Products business by Czechoslovak Group, according to an 8-K filed with the Securities and Exchange Commission on Monday.

J.P. Morgan is leading and structuring the acquisition financing.

Other funds for the transaction will come from equity.

The transaction values the Sporting Products business at an enterprise value of $1.91 billion, on a cash-free, debt-free basis.

Closing is expected in 2024, subject to approval by Vista Outdoor stockholders, receipt of necessary regulatory approvals and other customary conditions.

The Sporting Products business (CSG Elevate) is an ammunitions company. Czechoslovak Group is a Prague-based industrial technology holding company, operating within five strategic business segments, including defense, aerospace, ammunition, mobility and business.

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