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Macquarie Atlas Roads Group Announces Acquisition of Additional Interest in APRR Capital Raising

14 Sep 2017  |  09:01:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Acquisition of Additional Interest in APRR & Capital Raising

Macquarie Atlas Roads (MQA) announced that it will exercise a pre-emptive right to acquire an additional 4.86% indirect interest in APRR for GBP 440m (the Acquisition). The Acquisition will increase its indirect interest in APRR from 20.14% to 25.00%. The Acquisition will be partially funded via a A$450m equity raising structured as an underwritten pro-rata accelerated non-renounceable entitlement offer. The balance of the funding requirement will be met via a GBP 150m debt facility. The Acquisition will be funded via a combination of equity, debt and corporate cash, comprised of A$450m underwritten 1 for 6.62 pro-rata accelerated non-renounceable entitlement offer (Offer).

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