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').
The 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.
The 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
Contact:
Jono van Hazel
Tel: +61 411 564 969
Paul Ryan
Email: paul.ryan@sodali.com
Tel: +61 409 296 511
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