Brief: Highwood Asset Management Ltd Announces Transformational Acquisitions, Approximately $35 Mln Marketed Equity Financing, And New Credit Facility

Highwood Asset Management

05/07/2023 14:15

July 5 (Reuters) - Highwood Asset Management Ltd
 HAM.V :
    * HIGHWOOD ASSET MANAGEMENT LTD. ANNOUNCES TRANSFORMATIONAL
ACQUISITIONS, APPROXIMATELY $35 MILLION MARKETED EQUITY
FINANCING, AND NEW CREDIT FACILITY
    * HIGHWOOD ASSET MANAGEMENT LTD - ENTERED INTO ARM'S-LENGTH
AGREEMENTS
    * HIGHWOOD ASSET MANAGEMENT LTD -  DEAL TO ACQUIRE EACH OF
CASTLEGATE ENERGY, BOULDER ENERGY AND SHALE PETROLEUM
    * HIGHWOOD ASSET MANAGEMENT LTD - DEAL FOR A NET PURCHASE
PRICE OF
APPROXIMATELY $139 MILLION
    * HIGHWOOD - SEES CASH PORTION OF DEALS TO BE FUNDED
PRIMARILY
THROUGH MARKETED OFFERING OF SUBSCRIPTION RECEIPTS ‎EXPECTED TO
RAISE ABOUT $35 MILLION
    * HIGHWOOD ASSET MANAGEMENT LTD - SEES DEAL FUNDING TO ALSO
INCLUDE DRAW ON NEW $100 MILLION RESERVE-BASED CREDIT FACILITY

Source text for Eikon:  ID:nCNWvLkzka 
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