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Metcash Taps The Market For Capital Raising of $330 Million

  • April 20, 2020 12:31 PM AEST
  • Team Kalkine

Metcash Limited (ASX:MTS) announces an equity raising to boost the liquidity position and strengthen the balance sheet of up to $330 million; and,

Gold MTF non-AMP

  • 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.

 


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