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.
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