US$400m of New Notes were issued. The ONI Notes were exchanged for a chunk of those New Notes (and now the ONI Notes are no more). Cash was raised from the remainder of the New Notes. Around US$80m of that cash was used to buy back US$80m of the ANI Notes.
So now there are:
- US$246m of ANI Notes due in April 2024 paying 6.5%, and
- US$400m of New Notes due in October 2028 paying 11.25%.
So NIC has around US$96m more debt than before, paying a higher rate of interest, but has extended the maturity of its debt, and added some cash to the balance sheet.
I think I have that right.
US$400m of New Notes were issued. The ONI Notes were exchanged...
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Last
80.0¢ |
Change
-0.015(1.84%) |
Mkt cap ! $3.428B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 80.0¢ | $3.540M | 4.399M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 13 | 159930 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 104000 | 3 |
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| NIC (ASX) Chart |