Washington H. Soul Pattinson and Co. Ltd. (AU:SOL) has released an update.
Washington H. Soul Pattinson and Co. Ltd. has announced the launch of a $450 million offering of Senior Unsecured Convertible Notes due 2030 and the repurchase of $225 million in existing notes, aiming to strengthen their capital for new investments. The company also shared unaudited results, with a Net Asset Value between $11.6 billion and $12.0 billion and a Net Cashflow From Investments of $463 million to $472 million for FY24. The Placement of $225 million at $34.23 per share will fund the repurchase, highlighting the company’s growth and strong position for future expansion.
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