Brief: Orica Announces Acquisition And Capital Raising

ORICA

21/02/2024 01:18

Feb 21 (Reuters) - Orica Ltd  ORI.AX :
    * ORICA ANNOUNCES ACQUISITION AND CAPITAL RAISING
    * TO ACQUIRE 100 PER CENT OF COMMON STOCK OF CYANCO
INTERMEDIATE 4
CORP.
    * DEAL FOR US$640 MILLION
    * ACQUISITION LARGELY FUNDED FROM ORICA'S EXISTING CASH AND
UNDRAWN COMMITTED DEBT FACILITIES
    * A$400 MILLION UNDERWRITTEN INSTITUTIONAL PLACEMENT
    * WILL ADDITIONALLY UNDERTAKE A NON-UNDERWRITTEN SHARE
PURCHASE
PLAN CAPPED AT A$65 MILLION

Source text for Eikon:  ID:nASXbQF43X 
Further company coverage:  ORI.AX 

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