Sources said Goldman Sachs , who advised Aussie Broadband on the bid, would lead the equity raising . Fund managers were yet to receive term sheets, and the final deal size and structure were still being finalised.
It comes after Aussie Broadband agreed to pay $3.01 per share for Symbio in a cash and scrip bid, after gazumping rival bidder Superloop. The scheme bid represented a 26.6 per cent premium to the target’s undisturbed price on July 31. It said it would fund the purchase via 17 million shares in scrip to Symbio shareholders – about 7 per cent of the company – and new debt facilities worth $435 million which would also refinance Aussie Broadband’s existing debt.has co-edited Street Talk since 2009, specialising in private equity, investment banking, M&A and equity capital markets stories. Prior to that, she spent 10 years in London as a markets and M&A reporter at Bloomberg and Dow Jones.
Source: News Formal (newsformal.com)
Goldman Sachs Aussie Broadband Symbio Acquisition Equity Raising
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