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SGH LIMITED — Capital/Financing Update 2018
Feb 21, 2018
65777_rns_2018-02-21_344080e4-e72a-4ae2-ba55-ed2bfa8d8fce.pdf
Capital/Financing Update
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22 February 2018
Seven Group Holdings Limited ("SGH") completes $350 million convertible bond issue
Seven Group Holdings (“SGH”) (ASX Code: SVW) announces that it has successfully completed the issue of a seven-year $350 million convertible bond.
Proceeds from the issue of the bond will be used to repay existing Coates Hire legacy debt facilities.
Settlement of the bond issue is expected on 5 March 2018. SGH will seek shareholder approval under listing rule 7.1 at its Annual General Meeting (AGM) for the shares to be issued on conversion of the bonds. Any conversions which occur before the AGM will be settled in cash in accordance with the terms of the issue.
Media contacts: Jim Kelly +61 412 549 083 / Lauren Thompson +61 438 954 729
Seven Group Holdings Limited is a leading Australian diversified operating and investment group with market leading businesses and investments in industrial services, media and energy. In industrial services, WesTrac Group is the sole authorised Caterpillar dealer in Western Australia, New South Wales and the Australian Capital Territory in Australia. WesTrac is one of Caterpillar's top dealers globally (by sales value). SGH also owns Coates Hire, Australia’s largest equipment hire business, and AllightSykes, a supplier of lighting towers, generators and pumps. In media, SGH has a 41 per cent shareholding in Seven West Media, Australia’s largest multiple platform media company, including the Seven Network, The West, Pacific and Yahoo7. The Group also has a 26 per cent shareholding in Beach Energy and has interests in oil and gas projects in Australia and the United States.
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Seven Group Holdings Limited | ABN 46 142 003 469 38-42 Pirrama Road | Pyrmont NSW 2009 Australia | Postal Address: PO Box 777 | Pyrmont NSW 2009 Australia Telephone +61 2 8777 7777 | Facsimile +61 2 8777 7192