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Emeco deleverages with equity raising

EMECO shareholders will be hoping for better times ahead after their board unveiled a A$149 million equity raising and associated debt restructuring transaction that will deleverage the company’s balance sheet.

 Emeco has moved to hose down any debt concerns with equity raising

Emeco has moved to hose down any debt concerns with equity raising

The $149 million raising sees new shares issued at a price of 85c each, with the new funds going towards reducing Emeco's secured notes from $442 million to $250 million. That will save $19 million...

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