Aug 1 (Reuters) - Xero Ltd XRO.AX :
* XERO ACQUIRES HUBDOC
* ANNOUNCES ACQUISITION OF HUBDOC
* WILL PAY ACQUISITION PRICE FOR HUBDOC IN TWO STAGES, INITIALLY US$60 MILLION CONSISTING OF 35% CASH AND 65% IN XERO EQUITY
* XERO HAS ARRANGED NEW DEBT FUNDING FOR CASH COMPONENT OF ACQUISITION PRICE
* XERO HAS ARRANGED NEW DEBT FUNDING FOR CASH COMPONENT OF ACQUISITION PRICE
* DEAL IS EXPECTED TO REDUCE XERO'S EBITDA IN FY19 BY ABOUT NZ$7 MILLION