Business
Perenti Limited - US$103M final redemption of 2025 Senior Unsecured Notes
Perenti Limited - US$103M final redemption of 2025 Senior Unsecured
About this update from Perenti Limited
[{"type":"text","content":"Perenti Limited (ASX: PRN) ('Perenti' or 'the Company') advises that it will be redeeming all outstanding Senior Unsecured Notes due October 2025 issued by Perenti Finance Pty Ltd (the 'Notes').\nThe value of the outstanding notes is approximately US$103 million, and the redemption date will be July 18, 2025. The redemption price will be equal to 100% of the principal amount of the Notes redeemed, plus accrued interest up to the redemption date.\nThe Notes will be redeemed using a combination of cash and existing debt facilities. Michael Ellis, Chief Financial Officer of Perenti, said, 'The redemption of the remaining balance of the 2025 Notes remains consistent with our capital management strategy. This strategy aims to utilise our free cash flow to grow the business, strengthen the balance sheet, and further enhance shareholder returns through dividends and share buybacks\nContact:Jono van Hazel\nTel: +61 411 564 969Paul Ryan\nEmail: [email protected]\nTel: +61 409 296 511(C) 2025 Electronic News Publishing, source ENP Newswire","length":1508,"tagName":"div"}]