The Acquisition will be funded with a maximum aggregate of
DBRS Morningstar notes that the Acquisition is in line with its view of TAC's growth plan and will simplify TAC's organizational structure. DBRS Morningstar views the Acquisition as resulting in a modest improvement to TAC's business risk profile. Also, the Acquisition is not expected to have a material impact on TAC's credit risk profile. Overall, DBRS Morningstar does not expect the Acquisition to affect TAC's credit ratings.
Notes:
All figures are in Canadian dollars unless otherwise noted.
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