Business
Emeco raising $149m; Macquarie, Goldman Sachs on ticket – The Australian Financial Review
Mining plant and equipment provider Emeco Holdings has pressed go on a capital raising to pay down debt.
Mining plant and equipment provider Emeco Holdings has pressed go on a capital raising to pay down debt.
Emeco launched a capital raising on Monday morning. Jim Rice
Fund manager sources told this column the company was looking to raise $149 million through a pro-rata accelerated non-renounceable entitlement offer, in a deal launched on Monday morning.
The offer was priced at 85¢ a share, which represented a 12.8 per cent discount to the theoretical ex-rights price and a 17.9 per cent discoun…
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