IGO 1.75% $5.80 igo limited

April 11 (Reuters) - IGO Ltd (IGO) : IGO AND WESTERN AREAS...

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    April 11 (Reuters) - IGO Ltd (IGO) :

    • IGO AND WESTERN AREAS AGREE TO AMEND SCHEME OF ARRANGEMENT (CORRECTS SOURCE TO 'IGO' FROM 'WESTERN AREAS')
    • REVISED SCHEME CONSIDERATION RECOGNISES ADDITIONAL FINANCIAL VALUE GENERATED BY WSA AS A RESULT OF HIGHER NICKEL PRICES
    • AMENDED SCHEME HAS BEEN UNANIMOUSLY RECOMMENDED BY WSA BOARD OF DIRECTORS
    • REVISED SCHEME CONSIDERATION OF A$3.87 PER WSA SHARE
    • SEES AMENDED SCHEME EXPECTED TO BE FREE CASH FLOW ACCRETIVE FROM FY24
    • IGO'S FUNDING STRUCTURE FOR AMENDED SCHEME REMAINS UNCHANGED
    • REVISED SCHEME CONSIDERATION IMPLIES A VALUE OF A$1,263 MILLION FOR WSA ON A FULLY DILUTED BASIS
    • IGO WILL FUND AMENDED SCHEME THROUGH A COMBINATION OF A NEW A$900 MILLION SENIOR-SECURED DEBT FACILITY

    (([email protected];))

 
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