Brief: HMC Capital Announces Acquisition OF Payton Capital & A$100 Mln Placement

HMC Capital

24/05/2024 02:11

May 24 (Reuters) - HMC Capital Ltd  HMC.AX :
    * ESTABLISHES PRIVATE CREDIT PLATFORM AND EQUITY RAISING
    * UNDERTAKING A$100M FULLY UNDERWRITTEN INSTITUTIONAL
PLACEMENT
    * NON-UNDERWRITTEN SECURITY PURCHASE PLAN TO RAISE UP TO 
A$30M
    * ACQUISITION OF CRE PRIVATE CREDIT FUND MANAGER PAYTON
CAPITAL
    * REALISED A$50M FROM ON-MARKET SELL-DOWN OF CO-INVESTMENT
IN
HOMECO DAILY NEEDS REIT
    * ACQUISITION OF PAYTON CAPITAL FOR UPFRONT CONSIDERATION OF
A$127.5M


Further company coverage:  HMC.AX 

 ((Reuters.Briefs@thomsonreuters.com;))