ECN Capital enters into definitive agreement to be acquired by an investor group led by Warburg Pincus

Key highlights:

TORONTO, Nov. 13, 2025 /CNW/ - ECN Capital Corp. (TSX: ECN) ("ECN Capital" or the "Company") announced today that it has entered into a definitive arrangement agreement dated November 13, 2025 (the "ArrangementAgreement") to be acquired by a newly formed acquisition vehicle (the "Purchaser"), controlled by an investor group led by Warburg Pincus LLC (the "Purchaser Group"), pursuant to which the Purchaser will acquire (i) all of the issued and outstanding common shares of the Company (the "Common Shares") for C$3.10 per Common Share, in cash, (ii) all of the issued and outstanding cumulative 5-year minimum rate reset preferred shares, Series C of the Company (the "Series C Shares") for C$26.00 per share, in cash (plus all accrued but unpaid dividends thereon); and (iii) all of the issued and outstanding mandatory convertible preferred shares, Series E of the Company (the "Series E Shares"), of which Champion Homes, Inc. ("Champion Homes") is the sole owner, for C$3.10 per share, in cash (plus all accrued but unpaid dividends thereon) (the "Transaction").