Brief: AMA Group To Raise A$55.0 Mln To Strengthen Balance Sheet

Ama

07/09/2023 02:42

Sept 7 (Reuters) - AMA Group Ltd  AMA.AX :
    * AMA GROUP TO RAISE A$55.0 MILLION TO STRENGTHEN BALANCE
SHEET
    * EXECUTION OF REFINANCING OF RESIDUAL DEBT FACILITIES
TARGETED
FOR FY24
    * FULLY UNDERWRITTEN 1 FOR 2.15 PRO RATA ACCELERATED
NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$37.4 MILLION
    * FY24 NORMALISED POST-AASB 16 EBITDA 1 GUIDANCE OF A$86 -
A$96
MILLION AFTER STRONG TRADING OUTCOMES FOR JULY AND AUGUST
    * FUNDS RAISED UNDER EQUITY RAISING WILL BE APPLIED TO
PRINCIPAL
REPAYMENT OF A$35.0 MILLION OF EXISTING SENIOR BANK DEBT, AMONG
OTHERS

Source text for Eikon:  ID:nASX800bBx 
Further company coverage:  AMA.AX 

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