Superloop to Raise Capital, Alters Existing Bank Facility

Superloop Limited (ASX: SLC) has announced its plans to raise $90 million, and restructure its senior debt facility with the banks. Under the amended & extended bank facility with ANZ Westpac, SLC has a limit of $61.7 million for a term of four years.

  • A fully underwritten two-tranche placement to institutional investors to raise ~$55 million;
  • A fully underwritten 1 for 6 entitlement offer of fully paid ordinary shares in Superloop to raise ~$35 million;
  • Issue price for both the offers is $0.82 per share.

SLC’s shares last traded on 20 September 2019 at $1.01, down by 2.4% relative to the previous close.


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