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  "documentTitle": "Micro Focus | Mergers and Acquisitions Presentation Deck | 29 slides",
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      "text": "Gross Debt of $5.5 billion has been underwritten by J.P. Morgan to fund the transaction, including a revolving credit facility of $500 million",
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      "text": "The deal is expected to be accretive to adjusted earnings per share in the first full year following the Completion of the Transaction",
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      "text": "The Transaction is being financed by equity issued to HPE shareholders representing 50.1% of Micro Focus fully diluted share capital at Completion, together with underwritten debt facilities",
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      "text": "Completion is subject (amongst other things) to Micro Focus shareholder approval, regulatory and Competition Authority clearances, SEC filings in order to create American Depository Shares for the Consideration Shares and receipt of certain tax opinions",
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      "text": "The Enlarged Group is expected to have a pro-forma Net Debt to Facility EBITDA multiple of approximately 3.3x at close (post the RoV), which is expected to reduce to 2.5x within two years following Completion",
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      "text": "1 Fully diluted basis calculated using the Treasury Share Method\n2 This is not a profit forecast, and should not be interpreted to mean that the earnings per share of the Enlarged Group following Completion will necessarily be above or below the historical published earnings per share of Micro Focus",
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