This wont be a capital raise, it will be debt to fund WSG and Project Atlas along with current cash.
Originally EIG were brought on board for some equity but also $300m of project finance, i suspect this amount/facility will be higher and be company specific rather than tied to a specific project.
should result in a more flexible, bigger and cheaper form of debt which reduces any capital raising risj.
SXY Price at posting:
36.0¢ Sentiment: Buy Disclosure: Held
