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Seven Group Holdings Provides $500m Underwritten Equity Raising Presentation

19 Apr 2021  |  09:09:00  |  Associate analysts  |  Increase  |  Decrease  |  

Original announcement: Seven Group $500m Equity Raising Presentation

Seven Group Holdings provided $500m underwritten equity raising presentation. It reported the Company is seeking to raise up to $550m of equity (Equity Raising), comprising $500m fully underwritten institutional placement (Placement) and Up to $50m non-underwritten share purchase plan (SPP). Following the completion of the Placement, the Company will have pro-forma net debt of $2.1bn, reducing Company's pro-forma 1H FY 2021 leverage from 2.7x to 2.2x.

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