IFT Announces Equity Raising of NZ$300 million

Infratil Limited (NZX: IFT) has announced an equity raising of NZ$300 million, which comprises of about NZ$50 million non-underwritten SPP and a fully underwritten NZ$250 million Institutional Placement.

  • The proceeds from the equity raising will provide the company an additional balance sheet flexibility to fund growth investments across its existing portfolio companies;
  • After the equity raising the company’s gearing will be reduced from ~34.9% to ~29.3%.

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