Nov 27 (Reuters) - Bingo Industries Ltd BIN.AX :
* TO ACQUIRE NATIONAL RECYCLING GROUP AND PATONS LANE RECYCLING CENTRE AND LANDFILL
* ACQUISITION PRICE FOR NRG OF $37.7 MILLION PLUS $13.4 MILLION FOR TWO FREEHOLD PROPERTIES
* - ESTIMATED NRG FY18 PRO-FORMA EBITDA OF ABOUT $6.5 MILLION WITH EXPECTED SYNERGIES OF $6 MILLION TO BE REALISED OVER NEXT 12 MONTHS
* ESTIMATED PATONS LANE FY20 FORECAST EBITDA OF $20 MILLION (PRE-SYNERGIES) FOLLOWING OPENING IN FY20
* FY18 EBITDA NOW FORECAST TO INCREASE TO APPROXIMATELY $93 MILLION
* - ACQUISITIONS AND ENTITLEMENT OFFER ARE EXPECTED TO BE EPS ACCRETIVE POST-SYNERGIES ON AN FY18 PRO-FORMA BASIS
* OFFER WILL BE FUNDED VIA A 1 FOR 5.55 UNDERWRITTEN1 ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE $120 MILLION AT AN ISSUE PRICE OF $1.90.
* - BINGO'S FY18 NET DEBT/FY18 EBITDA IS EXPECTED TO REDUCE TO 1.4X FOLLOWING ENTITLEMENT OFFER