News: ALX Atlas Arteria Says Chicago Skyway Deal To Be Funded BY Non-Renounceable Entitlement Offer

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    Sept 14 (Reuters) - Atlas Arteria Group (ALX) :

    • ACQUISITION OF INTEREST IN CHICAGO SKYWAY ANNOUNCEMENT
    • REAFFIRMS ITS DISTRIBUTION GUIDANCE OF 20.0 AU CPS FOR H2 2022
    • CHICAGO SKYWAY DEAL WILL BE FUNDED VIA 1 FOR 1.95 ACCELERATED NON-RENOUNCEABLE ENTITLEMENT OFFER TO RAISE A$3,098 MILLION
    • ATLAS ARTERIA PROVIDES 2023 DISTRIBUTION GUIDANCE OF 40.0 AU CPS
    • ENTITLEMENT OFFER WILL BE CONDUCTED AT AN OFFER PRICE OF A$6.30 PER NEW STAPLED SECURITY
    • EXPECTS TO RECEIVE AT LEAST US$230 MILLION IN CAPITAL RELEASES FROM SKYWAY OVER THE NEXT TWO YEARS
    • EQUITY RAISING TO RESULT IN ISSUE OF 491.8 MILLION NEW ORDINARY STAPLED SECURITIES REPRESENTING 51.3% OF EXISTING SECURITIES ON ISSUE
    • POST ACQUISITION OF SKYWAY, CASH FLOWS FROM EXISTING PORTFOLIO & SKYWAY EXPECTED TO PROVIDE FOR LONG TERM SUSTAINABLE DISTRIBUTIONS
    • FINANCIAL CLOSE OF ACQUISITION IS EXPECTED IN LATE 2022, AND IS SUBJECT TO CUSTOMARY APPROVALS
 
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