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Emeco Holdings Repays 2022 Notes

16 Oct 2020  |  09:36:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Emeco repays its 2022 Notes

Emeco Holdings announced that it has repaid US$142m (A$195m), representing 100% of the 31 March 2022 notes (2022 Notes) outstanding. The repayment of the 2022 Notes was funded from the net proceeds of the recently completed underwritten A$149m pro rata entitlement offer and existing cash on hand. The note repayment will reduce annual interest costs by $19m per year.

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