Union Acquisition Corp. II

Procaps Group Announces Launch of Private Placement of U.S. $115 Million Senior Notes

Retrieved on: 
Thursday, September 9, 2021
Software, General Health, Professional Services, Pharmaceutical, Medical Devices, Technology, Hospitals, Biotechnology, Medical Supplies, Finance, Health, Diabetes, the Proposed Business Combination with Union Acquisition Corp. II, Procaps Group, Union Acquisition Corp. II, Prudential Private Capital, THE PROPOSED BUSINESS COMBINATION WITH UNION ACQUISITION CORP. II, PROCAPS GROUP, UNION ACQUISITION CORP. II, PRUDENTIAL PRIVATE CAPITAL

The private placement of the Senior Notes is expected to close on or about October 2021, subject to customary closing conditions.

Key Points: 
  • The private placement of the Senior Notes is expected to close on or about October 2021, subject to customary closing conditions.
  • The closing of the private placement of the Senior Notes is not conditioned upon the closing of the Business Combination.
  • The Senior Notes will be senior unsecured obligations of Procaps and unconditionally guaranteed by Procaps Group, Holdco (as defined below) and certain subsidiary guarantors.
  • This private placement of Senior Notes is expected to give Procaps Group additional financial flexibility to execute its growth strategy by refinancing current obligations at a lower interest and with an increased repayment duration, said Ruben Minski, Procaps Group Founder, Chairman and Chief Executive Officer.

Union Acquisition Corp. II and Procaps Group Announce Filing of Definitive Proxy Statement and the September 22, 2021, Extraordinary General Meeting to Vote on Business Combination

Retrieved on: 
Friday, August 27, 2021
Professional Services, Medical Supplies, Health, Fitness & Nutrition, Finance, General Health, Pharmaceutical, Business architecture, LLC, Internet, U.S. Securities and Exchange Commission, Register, Group, Securities Act of 1933, Proxy, Proxy statement, Acquisition, Business, SEC, Attention, Nasdaq, Person, Forward-looking statement, NASDAQ, Prospectus, PIPE, OTC, Extraordinary general meeting, Failure, Registration statement, Sale, COVID-19, Plasma protein binding, IFC, Security (finance), Procaps Group, Union Acquisition Corp. II, PROCAPS GROUP, UNION ACQUISITION CORP. II

The Extraordinary General Meeting to approve the Business Combination is scheduled to be held on September 22, 2021, at 9:00 a.m.

Key Points: 
  • The Extraordinary General Meeting to approve the Business Combination is scheduled to be held on September 22, 2021, at 9:00 a.m.
  • The Extraordinary General Meeting will be held virtually and can be accessed via a live audio webcast at https://www.cstproxy.com/unionacquisitioncorpii/sm2021 .
  • Virtual attendees will be able to submit a question online in advance of the meeting on the Extraordinary General Meeting website https://www.cstproxy.com/unionacquisitioncorpii/sm2021 or live during the meeting.
  • LATNs board of directors unanimously recommends that shareholders vote FOR the Business Combination with Procaps Group and all other proposals at the Extraordinary General Meeting.

Procaps Group Announces Filing of Registration Statement on Form F-4 in Connection With its Proposed Business Combination with Union Acquisition Corp. II

Retrieved on: 
Monday, June 21, 2021
General Health, Pharmaceutical, Health, Procaps Group, Union Acquisition Corp. II, PROCAPS GROUP, UNION ACQUISITION CORP. II

The Registration Statement includes audited financials of Procaps Group for the full fiscal years of 2019 and 2020 and can be found here .

Key Points: 
  • The Registration Statement includes audited financials of Procaps Group for the full fiscal years of 2019 and 2020 and can be found here .
  • Expected Milestones to Completion of Business Combination Include:
    Todays filing represents a key de-risking event to close our proposed business combination with LATN in the third quarter of 2021, said Ruben Minski, Procaps Founder, Chairman and Chief Executive Officer.
  • Subject to any redemptions by LATN shareholders, there is approximately $136.9 million in cash currently held in LATNs trust account.
  • Additional information about the transaction including the Registration Statement on Form F-4 can be viewed here: https://investor.procapsgroup.com .

Union Acquisition Corp. II Announces Shareholder Approval of Extension of Deadline to Complete Business Combination

Retrieved on: 
Monday, April 19, 2021
Finance, Public relations, Investor relations, Banking, Communications, Professional services, Biotechnology, Other Health, Health, Pharmaceutical, Fundamental analysis, Finance, Money, Financial markets, Corporate finance, Earnings before interest, taxes, depreciation and amortization, Private equity, Profit, Forward-looking statement, Cash flow, Securities Act, Procaps Group, Union Acquisition Corp. II, PROCAPS GROUP, UNION ACQUISITION CORP. II

This is a strong testament to the Procaps Group transaction and the recently reported 33% increase in first quarter unaudited 2020 net revenues of $78.7 million.

Key Points: 
  • This is a strong testament to the Procaps Group transaction and the recently reported 33% increase in first quarter unaudited 2020 net revenues of $78.7 million.
  • Procaps Group expects full-year Adjusted EBITDA margin expansion from 22% in 2019 to 26% in 2021 with strong positive free cash flow.
  • A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward-looking statements.
  • No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.\nView source version on businesswire.com: https://www.businesswire.com/news/home/20210419005154/en/\n'