I know this particular forum seems mostly about Climate Change ;-)... but there's an interesting WHC story in the AFR today.
Can't paste it here, but basically the "Street Talk" is that there's $900m of the acquisition debt covered at a 6% margin. Backers were Ares, Canyon Partners and Farallon Capital. That would be a great result as it's a bigger $ number at a lessor % spread than had been mentioned around the time of the acquisition. No mention of equity either.
Our dream-team of Aussie Banks and Super Funds seemed to have dealt themselves out of these sort of deals in their pursuit of ESG. Absolute madness. But that's a different story.
Debt refi
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Last
$8.12 |
Change
0.100(1.25%) |
Mkt cap ! $6.776B | |||
| Open | High | Low | Value | Volume |
| $8.09 | $8.18 | $8.04 | $10.48M | 1.292M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7545 | $8.12 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $8.13 | 18733 | 32 |
View Market Depth
| Last trade - 11.36am 06/06/2024 (20 minute delay) ? |
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Last
$8.11 |
Change
0.100 ( 1.31 %) |
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| Open | High | Low | Volume | ||
| $8.09 | $8.17 | $8.03 | 330053 | ||
| Last updated 11.55am 06/06/2024 ? | |||||
| WHC (ASX) Chart |