Business
Seven Group Holdings taps Jarden, Macquarie for $500m raising – The Australian Financial Review
Kerry Stokes’ Seven Group Holdings is getting $500 million of fresh cash in the door to pay down debt and strengthen its balance sheet.
Kerry Stokes Seven Group Holdings is getting $500 million of fresh cash in the door to pay down debt and strengthen its balance sheet.
Seven Group Holdings chief executive Ryan Stokes. Louise Kennerley
The company launched a fully underwritten $500 million placement on Monday morning, with help from lead managers Jarden Australia and Macquarie Capital. It would also undertake a $50 million share purchase plan.
New shares in the offer were being sold to funds for $22.50 each, which represented a…
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