Ama Group Limited (AU:AMA) has released an update.
AMA Group Limited has successfully completed a significant Equity Raising initiative, securing approximately $83.9 million through a fully underwritten institutional placement and entitlement offer. The funds will primarily be utilized to repay existing senior bank debt, with a portion reserved for future financial obligations and growth. The offering was met with robust support, resulting in a discounted offer price for new shares, which are expected to resume trading on the ASX.
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