Eros International-STX Entertainment Merger

Eros, EROS International, STX Entertainment Merger, Hony Capital, Liberty Global, STX Entertainment, Kishore Lulla

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The combined company will be named Eros STX Global Corporation and will trade publicly on the NYSE

Some of the highlights of the merger are as follows:

Revamped capital structure includes $125 million of incremental equity from new and existing STX Entertainment equity investors, including TPG, Hony Capital and Liberty Global; superior liquidity and a robust balance sheet including a $350 million JP Morgan-led credit facility

Increased financial scale with over $600 million in pro forma revenue for calendar 2019 and over $300 million of highly-predictable aggregated future revenue from STX Entertainment films already released through 2019

188 million+ Eros Now registered users including 26 million+ paid subscribers
Approximately $50 million of highly-actionable operating synergies across global operations
Newly constituted management team led by Kishore Lulla as Executive Co-Chairman, Robert Simonds as Co-Chairman & Chief Executive Officer, Andrew Warren as Chief Financial Officer, Rishika Lulla Singh and Noah Fogelson as Co-Presidents, and Prem Parameswaran as Head of Corporate Strategy

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