Landcadia Holdings III, Inc.

announcedU=S+W/3W=S@11.50
HLMNSEC EDGARCIK: 0001822492|TJF, LLC

Capital Structure & Economics

Trust Size$500,000,000
Unit Price$10.00
Warrant Coverage1/3
Sponsor Promote20%

Implied Equity Architecture

Capital Allocation Baseline

Trust (100.0%)

Implied Dilution Drag

33% Warrant Inclusion
Public Trust Allocation$500,000,000
Sponsor At-Risk CapitalN/A
Total Underwriting DiscountN/A
Trust Per Unit (Implied)$10.00
Sponsor Promote Allocation20%
Deal Lifecycle
IPO PricedSep 17, 2020
SearchingTarget Pending
Maturation Wall
N/A

Announced Target / M&A

  • Target CompanyHillman Holdco
  • Announced Deal Size$939,580,000

Board & Officers

  • Max HillmanCEO
  • Jefferies Financial Group Inc.(2)Officer
  • Douglas CahillDirector
  • Joseph ScharfenbergerDirector
  • Richard ZanninoDirector
  • Daniel O’LearyDirector
  • John SwygertDirector
  • Aaron JagdfeldDirector
  • David OwensDirector
  • Philip WoodliefDirector
  • Diana DowlingDirector
  • Teresa GendronDirector

Syndicate & Advisors

Interactive Deal Modeling

Base financial constraints (Trust Size, Warrants, Promote) are pre-loaded into the calculation engines. Proceed to model implied dilution and advisory friction limits.

Dilution Cash Friction