Wednesday, 4 October 2017

Update on Cache Logistics Trust's rights issue


- 18-for-100 rights issue at $0.63 apiece has been subscribed by 1.87x.

- The $102.7m rights proceeds will be used to pare debt, with aggregate leverage expected to be lowered from 43.4% to 35.5%.

- Pro forma FY16 DPU will be diluted to 6.882¢ from 7.725¢ from the 18% increase in unit base

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1 comment:

  1. Unknown29 October 2017 at 10:55

    Only got 1500 shares from the rights issue program

    ReplyDelete

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