Its $350 million in convertible notes are due to hit an early redemption date in January.
As the dust settles on Seven Group’s FY22 results, investors have turned their attention to the group’s balance sheet and a hefty new addition to its current liabilities.
However, Seven Group’s not one to run a lazy balance sheet and probably had enough debt at June 30 for the company’s liking. The convertibles question is something Seven Group’s keen to address and is making moves to do it sooner rather than later. The group has called in investment banks Bank of America and Macquarie Capital to help review its options.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cameron Green shines as Australia beat Zimbabwe by five wickets in first ODIGreen took a five-wicket haul and David Warner and Steve Smith starred with the bat in Townsville
Read more »
Assistant treasurer hints at new tax residency rulesStephen Jones said the government is considering changes to the proposed 45-day rule. Tax advisers think it should be longer.
Read more »
Alpine boss takes a swipe at young Australian’s ‘integrity’ as F1 saga turns uglyOscar Piastri is considered a once-in-a-generation talent after matching the feats of F1 stars Charles Leclerc and George Russell by winning the junior classes in consecutive years.
Read more »
How three ACL tears, AFLW and captain’s calls sparked sevens reunion at ParramattaAfter three ACL ruptures, another torn Achilles, Olympic heartbreak, code-hops and retirements, three teen rugby sevens representatives are back together in blue and gold.
Read more »
Talking Horses: Broctune Red can get punters off to a flier at BeverleyVeteran offers good value at Beverley in the first of ITV Racing’s seven-race schedule on Sunday
Read more »
Canny shoppers to help Bunnings, Kmart weather downturnThe company said retail trading conditions had remained robust through the first seven weeks of fiscal 2023 and increased its final dividend.
Read more »