Washington H. Soul Pattinson and Co. Ltd. (AU:SOL) has released an update.
Washington H. Soul Pattinson and Co. Ltd. has successfully launched a $450 million Senior Unsecured Convertible Notes offering due 2030 with a 25% conversion premium and a 2.875% annual coupon. The company has concurrently repurchased 99% of its outstanding 2026 notes and completed a $225 million equity placement at no discount, with the aggregate net proceeds aimed at funding new investments and accelerating growth. The settlement of these financial activities is expected to occur on August 29, 2024.
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