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Brickworks Ltd ( (AU:BKW) ) just unveiled an update.
Brickworks Limited, in collaboration with Washington H. Soul Pattinson and Company Limited, has announced the successful completion of a reverse bookbuilding process to repurchase approximately 97% of its outstanding $450 million Senior Unsecured Convertible Notes due 2030. This strategic move involves repurchasing the notes in two tranches, significantly reducing the outstanding debt and allowing Soul Pattinson the option to redeem the remaining notes, potentially strengthening its financial position and market standing.
The most recent analyst rating on (AU:BKW) stock is a Buy with a A$37.50 price target. To see the full list of analyst forecasts on Brickworks Ltd stock, see the AU:BKW Stock Forecast page.
More about Brickworks Ltd
Average Trading Volume: 300,409
Technical Sentiment Signal: Buy
Current Market Cap: A$5.23B
See more data about BKW stock on TipRanks’ Stock Analysis page.