Company News Summary
Caltex Australia to Raise $300m Through a Notes Issue
Original announcement: Caltex to raise $300 million through a notes issue
Caltex Australia announced an offer of Caltex Subordinated Notes to raise $300m, with the ability to raise more or less. The Notes are dated, direct, unsecured, subordinated, and cumulative in nature. The Offer of Notes forms part of Caltex's ongoing capital management strategy. The proceeds will be used for general corporate purposes and for the refinancing of existing indebtedness. The Offer comprises: an offer to Institutional Investors; an offer to eligible retail clients of Syndicate Brokers; an offer to Eligible Shareholders; and an offer to members of the General public who are resident in Australia. Opening Date for the Offer is 9 August 2012 and Closing Date for the Shareholder Offer and General Offer is 5:00pm Sydney time on 28 August 2012.
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