Metcash Limited (ASX:MTS) announces an equity raising to boost the liquidity position and strengthen the balance sheet of up to $330 million; and,
- The Company announced a $300 million fully underwritten institutional placement and a $30 million non-underwritten share purchase plan.
- MTS would also tap $180 million additional short-term committed debt facilities from existing lenders.
- The Company suggests that equity raising reflects the current heightened level of uncertainty related to the COVID-19 pandemic.