METS

Emeco deleverages with equity raising

EMECO shareholders will be hoping for better times ahead after their board unveiled a A$149 million equity raising and associated debt restructuring transaction that will deleverage the company’s balance sheet.

 Emeco has moved to hose down any debt concerns with equity raising

Emeco has moved to hose down any debt concerns with equity raising

The $149 million raising sees new shares issued at a price of 85c each, with the new funds going towards reducing Emeco's secured notes from $442 million to $250 million. That will save $19 million...

Start a free trial to continue reading this article
Already have an account?  
Subscribe now

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

A growing series of reports, each focused on a key discussion point for the mining sector, brought to you by the Mining News Intelligence team.

editions

MiningNews.net Research Report 2024

Access a multi-pronged tool to identify critical risks and opportunities in Australia’s mining industry.

editions

Mining Journal Intelligence Investor Sentiment Report 2024

Survey revealing the plans, priorities, and preferences of 120+ mining investors and their expectations for the sector in 2024.

editions

Mining Journal Intelligence Mining Equities Report 2023

Access an exclusive, inside look on the quarterly mining IPOs and secondary raisings data and mining equities performance tables with an annual Stock Exchange Comparisons supplement.

editions

Mining Journal Intelligence World Risk Report 2023 (feat. MineHutte ratings)

A detailed analysis of mining investment risks across 121 jurisdictions globally, built on 11 ‘hard risk’ metrics and an industrywide survey.