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
$7.67 |
Change
-0.130(1.67%) |
Mkt cap ! $6.416B | |||
| Open | High | Low | Value | Volume |
| $7.75 | $7.77 | $7.62 | $35.67M | 4.652M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 6 | 104006 | $7.67 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $7.69 | 29647 | 2 |
View Market Depth
| Last trade - 16.10pm 24/05/2024 (20 minute delay) ? |
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Last
$7.68 |
Change
-0.130 ( 1.71 %) |
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| Open | High | Low | Volume | ||
| $7.75 | $7.76 | $7.62 | 1758191 | ||
| Last updated 15.59pm 24/05/2024 ? | |||||
| WHC (ASX) Chart |