Metcash Taps The Market For Capital Raising of $330 Million

April 20, 2020 12:31 PM AEST | By Team Kalkine Media

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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.

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