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Lendlease to Raise its Capital to Strengthen the Balance Sheet

  • April 28, 2020 12:17 PM AEST
  • Team Kalkine

ASX-listed construction firm Lendlease Group (ASX:LLC) launched capital raising to strengthen its balance sheet. The company stated that capital raising comprises an institutional placement of $950 million in new equity and up to $200 million through a non-underwritten share purchase plan.

Gold MTF non-AMP

Moreover, the company announced plans for a $950 million fully underwritten institutional placement at $9.80 per share, representing an 8.2% discount to the last trading price.

 


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