ALX 4.31% $5.33 atlas arteria

Feb 23 (Reuters) - Macquarie Atlas Roads Group (MQA) Dulles...

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    Feb 23 (Reuters) - Macquarie Atlas Roads Group (MQA)

    • Dulles greenway acquisition and capital raising
    • It will exercise its pre-emptive right to acquire remaining 50% economic interest1 in dulles greenway
    • To acquire 50% economic interest in Dulles Greenway (greenway) for us$445 million
    • MQA's distribution guidance for 2017 remains unchanged at 20.0 cents per security
    • Acquisition will be funded via a combination of equity, asset financing and corporate cash
    • "Acquisition represents a value accretive investment for mqa"
    • Launched a fully underwritten placement offer to raise a$185 million of new mqa stapled securities
    • Offer at an issue price of a$4.85 per new stapled security
    • To partially fund acquisition, mqa has entered into an agreement for a us$200 million eight year bullet asset finance facility
    • Will offer eligible securityholders opportunity to subscribe for new stapled securities via an spp to raise a maximum of a$15 million
    • Facility is secured only over mqa's 100% estimated economic interest in greenway
 
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Last trade - 16.10pm 28/03/2024 (20 minute delay) ?
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