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Corby Spirit and Wine Ltd Class A(CSW-A-T)

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Corby Spirit and Wine Announces Closing of Ace Beverage Group Transaction - Tue Jul 4, 3:09PM CDT

TORONTO, July 4, 2023 /CNW/ - Corby Spirit and Wine Limited ("Corby" or the "Company") (TSX: CSW.A) (TSX: CSW.B) announced today the closing of the previously disclosed 90% acquisition of the outstanding shares of Ace Beverage Group Inc. ("Ace"). The purchase price was paid using available cash and financing from Pernod Ricard, Corby's majority shareholder. In connection with closing of the transaction, Corby also signed a guarantee in favour of Canadian Imperial Bank of Commerce of payment of amounts owing under Ace's continuing operating loan. 


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