Business
Here’s why the Aventus (ASX:AVN) share price is on the rise
The Aventus Group (ASX: AVN) share price is skirting higher during late afternoon trade following a debt refinance update.
At the time of writing, the retail property company’s shares are trading for $3.00, up 1%.
What did Aventus announce?
Aventus shares are pushing higher as investors digest the company’s latest refinancing efforts.
According to its release, Aventus advised that it has successfully completed a debt refinance of $660 million. This represents 80% of the group’s $820 million debt portfolio.
Aventus stated that the refinance saw 11 existing debt tranches repackaged into 6 larger tranches. While no repayments were made, the…
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